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

              Tuesday, December 24, 2024, Vol. 28, No. 358

                            Headlines

220 FTL-LTPJ: Files Emergency Bid to Use Cash Collateral
51 SYCAMORE: Seeks to Hire Ronald D. Weiss as Bankruptcy Counsel
ABSOLUTE DIMENSIONS: Lender Seeks to Prohibit Cash Access
AKOUSTIS TECHNOLOGIES: Gets Interim OK to Use Cash Collateral
ALTITUDE GROUP: Unsecureds to Get Nothing in Liquidating Plan

AMERINVEST LLC: Lender Seeks to Prohibit Cash Collateral Access
ANALABS INC: Hires Roop Law Office as Bankruptcy Counsel
ANALABS INC: Seeks to Hire Charles Thompson as President
ANALABS INC: Seeks to Hire Kelli Harrison as Vice President
ATLAS PURCHASER: $154.4MM Bank Debt Trades at 92% Discount

AVENTIV TECHNOLOGIES: $1.04BB Bank Debt Trades at 25% Discount
BABY K'TAN: Maria Yip Named Subchapter V Trustee
BABY K'TAN: Seeks to Hire DGIM Law PLLC as Bankruptcy Counsel
BECKER INC: Has Deal on Cash Collateral Access Until Jan. 6
BELLARMINE UNIVERSITY: Moody's Lowers Issuer & Bond Ratings to B1

BRAND INDUSTRIAL: Moody's Alters Outlook on 'B3' CFR to Stable
BRIGHT LAKES: Gets Approval to Hire Smeberg Law Firm as Counsel
BUCKEYE PARTNERS: Moody's Ups CFR to Ba2 & Alters Outlook to Stable
CAPITAL COMMERCIAL: Seeks to Hire Real Estate Investors as Counsel
CARESTREAM HEALTH: $540.8MM Bank Debt Trades at 23% Discount

CENTERSTONE REALTY: Judy Wolf Weiker Named Subchapter V Trustee
CHERRY & CANDLEWOOD: Gregory Jones Named Subchapter V Trustee
CNT HOLDINGS: Moody's Hikes CFR to 'B2' & Alters Outlook to Stable
COLUMBIA WEST: Edward Burr Named Subchapter V Trustee
COMINAR REAL: DBRS Confirms BB(high) Issuer, Senior Unsec. Rating

COMMERCIAL OFFICE: Court Extends Use of Cash Collateral to Feb. 28
COMPAC USA: Voluntary Chapter 11 Case Summary
COMPLETE BEVERAGE: Unsecureds Will Get 20% over 60 Months
CONSTANT CONTACT: $300MM Bank Debt Trades at 16% Discount
CONTAINER STORE: $200MM Bank Debt Trades at 34% Discount

CONTAINER STORE: Files for Chapter 11, Secures $40M Financing
COREPOWER YOGA: $175MM Bank Debt Trades at 18% Discount
CREDIT LENDING: Court Extends Use of Cash Collateral Until Jan. 14
CRICKET AUTOMOTIVE: Seeks to Tap Stevens Martin Vaughn as Counsel
CROWNCO INC: Seeks to Hire Fireplace Financial as Accountant

CRYPTO COMPANY: Secures $36,500 Loan With AJB Capital Investments
CTF CHICAGO: Gets OK to Hire Joseph and Associates as Accountant
CUSTOM HOLDINGS: Hires Stroud Ross & Associates as Accountant
D DUNCAN FLORISTRY: Gets Interim OK to Use Cash Collateral
DCS JANITORIAL: Unsecured Creditors Will Get 15% of Claims in Plan

DENTISTRY BY DESIGN: Hires Avrum J. Rosen as Bankruptcy Counsel
DICK'S AUTOMOTIVE: Hires Binder Malter as Reorganization Counsel
DT BUILDERS: Seeks to Hire YVS Law LLC as Bankruptcy Counsel
ECO PRESERVATION: Hires Jim Pino & Associates as Special Counsel
ELEVATE TEXTILES: $250MM Bank Debt Trades at 21% Discount

ELITA 7 LLC: Voluntary Chapter 11 Case Summary
EMPLOYBRIDGE LLC: $925MM Bank Debt Trades at 34% Discount
EMS WAREHOUSING: Case Summary & One Unsecured Creditor
ENC PARENT: $190MM Bank Debt Trades at 44% Discount
ENVIROSCENT INC: Seeks to Hire Jones and Walden as Counsel

EOS US FINCO: $534.7MM Bank Debt Trades at 32% Discount
EPIC Y-GRADE: Moody's Alters Outlook on 'B3' CFR to Positive
EXPERTUS HEALTH: Property Sale Proceeds to Fund Plan
FIRST AMERICAN: Unsecured Creditors to Split $10K in Plan
FIRST MODE: Davis Polk Advises Anglo American on Global Wind-Down

FLEXACAR LLC: Updates Unsecured Claims Pay Details
FLORES PEDIATRICS: Gets Final OK to Access Cash Collateral
GALACTIC MUSIC: Tamara Miles Ogier Named Subchapter V Trustee
GAP INC: S&P Alters Outlook to Positive, Affirms 'BB' ICR
GARNET HEALTH: Moody's Lowers Revenue Bond Rating to Ba3

GATEWAY CASINOS: Moody's Affirms 'B3' CFR, Outlook Stable
GAVAZZI COOLING: Gavazzi Unsecured Claims to Get 13% in 60 Months
GMT 3435 REALTY: Seeks Cash Collateral Access
GOTO GROUP: $958.9MM Bank Debt Trades at 54% Discount
HALO BUYER: $100MM Bank Debt Trades at 16% Discount

HAPISGAH OF FLUSHING: Taps Rachel L. Kaylie P.C. as Legal Counsel
HAWAII STAGE: Seeks Cash Collateral Access Until March 2025
HERITAGE HOME: Claims to be Paid From Revenue & Sale Proceeds
HILLER AIRCRAFT: Hires Young Wooldridge as Bankruptcy Counsel
HYPERSCALE DATA: Declares Monthly Series D Dividend

HYPERSCALE DATA: Unit Sells St. Petersburg Property for $13-Mil.
INGENOVIS HEALTH: $675MM Bank Debt Trades at 41% Discount
INSOURCE SUPPLIES: Gets Green Light to Use Cash Collateral
INTRUSION INC: Extends Warrant Inducement Program to December 27
IVANTI SOFTWARE: $465MM Bank Debt Trades at 20% Discount

IVANTI SOFTWARE: $545MM Bank Debt Trades at 43% Discount
JAMES JOSEPH: Behrooz Vida Named Subchapter V Trustee
JAZ NCR: Seeks to Hire Bernstein-Burkley as Bankruptcy Counsel
JELD-WEN HOLDING: S&P Downgrades ICR to 'B+', Outlook Stable
JJJ CONTRACTING: Unsecured Creditors to Split $30K in Plan

JJK PROPERTIES: Gets Interim OK to Use Cash Collateral
JUNK SHUTTLE: Gets Interim OK to Use Cash Collateral
KAL FREIGHT: U.S. Trustee Appoints Creditors' Committee
KENNEDY-WILSON HOLDINGS: S&P Lowers ICR to 'B+', Outlook Stable
KFH RECKER: Gets OK to Hire Mark J. Giunta as Bankruptcy Counsel

KINGDOM EMPOWERMENT: Richard Furtek Named Subchapter V Trustee
KRATON CORP: S&P Alters Outlook to Stable, Affirms 'B' ICR
KULR TECH: To Launch K1S Space Battery in 2026
LOPAREX MIDCO: EUR186MM Bank Debt Trades at 29% Discount
MAGENTA SECURITY: $1.07BB Bank Debt Trades at 39% Discount

MARTINEZ PALLET: Unsecureds Will Get 59% of Claims over 5 Years
MATCH GROUP: Moody's Affirms 'Ba2' CFR, Outlook Stable
MEDLINE BORROWER: S&P Upgrades ICR to 'BB-', On Watch Positive
MOMENTUM CONSULTING: Court Approves Interim Use of Cash Collateral
MPH ACQUISITION: $1.33BB Bank Debt Trades at 23% Discount

MTL PARTNERS: Andrew Layden Named Subchapter V Trustee
NAKED JUICE: $450MM Bank Debt Trades at 62% Discount
NANOVIBRONIX INC: Shareholders Elect 8 Directors at Annual Meeting
NEON MAPLE: S&P Assigns 'B+' ICR on Completed Acquisition of Nuvei
NEP GROUP: $240MM Bank Debt Trades at 18% Discount

NORTHWEST GRADING: Case Summary & 20 Largest Unsecured Creditors
NUVEI CORP: S&P Withdraws 'BB-' ICR on Completed Leveraged Buyout
NXT ENERGY: John Tilson Steps Down; Son Joins Board
OFFICE PROPERTIES: Supplements Prospectus for 5.7MM Share Resale
OG LIVING: Carol Fox of GlassRatner Named Subchapter V Trustee

ONYX OWNER: Dec. 30 Deadline Set for Panel Questionnaires
OREGON TOOL: $850MM Bank Debt Trades at 33% Discount
OUR TOWN REALESTATE: Tamara Miles Ogier Named Subchapter V Trustee
OUTFRONT MEDIA: Jeremy Male to Retire by June 30
OUTLOOK THERAPEUTICS: Reduces Workforce to Cut Costs

OWASSA BROWNVILLE: S&P Lowers Revenue Debt Rating to 'BB+'
P3 HEALTH: Unit Secures $25MM Financing with VBC Growth
PALATIN TECHNOLOGIES: Raises $3.4MM via Warrant Exercise Agreement
PANDYA REAL ESTATE: Voluntary Chapter 11 Case Summary
PARKERVISION INC: Names Frazier & Deeter as New Independent Auditor

PAVMED INC: Files Prospectus for $125MM Securities Offering
PERATON CORP: $855MM Bank Debt Trades at 20% Discount
PETSMART LLC: S&P Alters Outlook to Negative, Affirms 'B+' ICR
PHYSICIAN PARTNERS: $150MM Bank Debt Trades at 60% Discount
PHYSMODO INC: Gets Final OK to Use Cash Collateral

PLAYTIKA HOLDING: S&P Downgrades ICR to 'BB-', Outlook Stable
PLOW UNDERGROUND: Claims to be Paid From Business Revenue
PRESBYTERIAN HOMES: Files Emergency Bid to Use Cash Collateral
PRIMAL MATERIALS: Gets OK to Use Cash Collateral Until Jan. 2
PROMEDICA HEALTH: Moody's Alters Outlook on Ba2 Rating to Positive

RANGER BEARINGS: Seeks to Hire Payne Law Firm as Legal Counsel
REDSTONE HOLDCO: $1.11BB Bank Debt Trades at 39% Discount
REDSTONE HOLDCO: $450MM Bank Debt Trades at 53% Discount
RESHAPE LIFESCIENCES: Registers 2.1MM Shares for Possible Resale
REVIVA PHARMACEUTICALS: Laxminarayan Bhat Holds 6.8% Equity Stake

RODA LLC: Updates PacWest Secured Claims Pay Details
RYVYL INC: Shareholders Elect 5 Directors at Annual Meeting
S & O INVESTMENTS: Gets Interim OK to Use Cash Collateral
S & W SALES: Seeks Cash Collateral Access
SABER AUTOMOTIVE: Arturo Cisneros Named Subchapter V Trustee

SAFE & GREEN: Fails to Meet Nasdaq's Minimum Bid Price Requirement
SAMYS OC: Court OKs Interim Use of Cash Collateral Until Feb. 17
SEARED INC: Seeks to Hire Rachel L. Kaylie P.C. as Legal Counsel
SEKO GLOBAL: Davis Polk Advised Lenders on Recapitlization
SEVEN RIVERS: Seeks to Use Cash Collateral

SHARK CLUB: Todd Hennings Named Subchapter V Trustee
SHILO INN BEND: Use of Cash Collateral Extended to Jan. 23
SHILO INN IDAHO FALLS: Use of Cash Collateral Extended to Jan. 23
SHILO INN OCEAN SHORES: Use of Cash Collateral Extended to Jan. 23
SIYATA MOBILE: Secures First Major Dutch Order for 550 SD7 Handsets

SK BEAUTY: Todd Hennings Named Subchapter V Trustee
SKY FITNESS 24/7: Christine Brimm Named Subchapter V Trustee
SKY FITNESS: Seeks to Hire POHL PA as Bankruptcy Counsel
SORENTO ON YESLER: Files Chapter 11 Bankruptcy in Washington
SPIRIT AIRLINES: Hires Alvarez & Marsal as Financial Advisor

SPIRIT AIRLINES: Hires Davis Polk & Wardwell as Attorney
SPIRIT AIRLINES: Hires Debevoise & Plimpton as Fleet Counsel
SPIRIT AIRLINES: Hires Epiq Corporate as Administrative Advisor
SPIRIT AIRLINES: Hires Perella Weinberg as Investment Banker
SPIRIT AIRLINES: Seeks to Hire Ordinary Course Professionals

SPIRIT AIRLINES: Taps Morris Nichols Arsht as Conflicts Counsel
SPRINGS WINDOW: Davis Polk Advised Lenders on Refinancing
SPRINGS WINDOW: Latham Advises Lenders on Capital Infusion
STARLIGHT GRILL: Samuel Dawidowicz Named Subchapter V Trustee
STARSHIP LOGISTICS: Gets Final OK to Use Cash Collateral

STL EQUIPMENT: Seeks Bankruptcy Protection in Missouri
SUNATION ENERGY: Jeffrey J. Conroy Holds 2.9% Equity Stake
SWAN PIZZA: Claims to be Paid From Ongoing Income
SWF HOLDINGS I: S&P Upgrades ICR to 'CCC+', Outlook Negative
TAMPA LIFE: Unsecureds to Get Share of Liquidation Trust

TELESAT LLC: $1.91BB Bank Debt Trades at 45% Discount
TIGER ACQUISITION: Loan Refinancing No Impact on Moody's B3 CFR
TONIX PHARMACEUTICALS: Increases A.G.P. Offering Price to $250MM
TORRID LLC: Moody's Lowers CFR & Senior Secured Term Loan to B3
TRANSOCEAN LTD: Secures Ultra-Deepwater Drillship Contract

TRINSEO PLC: CastleKnight, 5 Affiliates Hold 6.7% Equity Stake
TRINSEO PLC: Launches Exchange Offer for 5.125% Senior Notes
UNITED NATURAL: S&P Alters Outlook to Stable, Affirms 'B' ICR
UNITED PF: $116MM Bank Debt Trades at 18% Discount
VROOM INC: Seeks to Hire Porter Hedges as Bankruptcy Counsel

VROOM INC: Seeks to Hire Stout Risius Ross as Financial Advisor
WEBSTERNT LLC: Case Summary & 19 Unsecured Creditors
WELLPATH HOLDINGS: $500MM Bank Debt Trades at 65% Discount
WELLPATH HOLDINGS: Ombudsman Taps Ross Smith as Legal Counsel
WISA TECHNOLOGIES: Extends Inducement Period to Jan. 31

WORKHORSE GROUP: Inks 10th Supplemental Indenture
YUNHONG GREEN: Shareholders Elect 5 Directors at Annual Meeting
[^] Large Companies with Insolvent Balance Sheet

                            *********

220 FTL-LTPJ: Files Emergency Bid to Use Cash Collateral
--------------------------------------------------------
220 FTL-LTPJ, LLC asked the U.S. Bankruptcy Court for the Southern
District of Florida, Fort Lauderdale Division, for authority to use
cash collateral.

The company requires the use of cash collateral to meet current
obligations and acquire goods or services necessary for its
day-to-day operations.

Creditor Wells Fargo Bank and its servicer Select Portfolio
Servicing Inc. have asserted a security interest in rent proceeds
via an assignment of rents.

As adequate protection for the use of the collateral including cash
collateral, 220 FTL-LTPJ offers the claimants replacement liens on
all post-petition property, payments of insurance, and later when
the claims are clarified and allowed, a monthly cash payment at an
interest rate of $5,000.

                    About 220 FTL-LTPJ

220 FTL-LTPJ, LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 24-21022) on October 24,
2024. In the petition filed by Irene Marciano, as authorized
signatory, the Debtor reports estimated assets between $100,000 and
$500,000 and estimated liabilities between $1 million and $10
million.

Judge Peter D. Russin handles the case.

The Debtor is represented by Robert A. Stiberman, Esq., at
Stiberman Law, P.A.


51 SYCAMORE: Seeks to Hire Ronald D. Weiss as Bankruptcy Counsel
----------------------------------------------------------------
51 Sycamore Drive LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of New York to hire The Law Office of
Ronald D. Weiss, P.C. as its general counsel.

The firm's services include:

     a. providing legal advice with respect to the powers and
duties of the Debtor in the continued management of its property;

     b. representing the Debtor before the bankruptcy court and at
all hearings on matters pertaining to its affairs, including
contested matters that may arise during the Chapter 11 case;

     c. advising and assisting the Debtor in the preparation and
negotiation of a plan of reorganization with its creditors;

     d. preparing legal papers; and

     e. providing other necessary legal services.

The firm will be paid at these rates:

     Attorneys    $450 per hour
     Paralegals   $250 per hour

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

The firm received from the Debtor a retainer of $22,500.

Ronald Weiss, Esq., a partner at Ronald D. Weiss, disclosed in a
court filing that his firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Ronald D Weiss, Esq.
     RONALD D. WEISS, P.C.
     734 Walt Whitman Road,
     Melville NY 11747
     Tel: (631) 271-3737
     Fax: (631) 271-3784
     Email: weiss@ny-bankruptcy.com

                About 51 Sycamore Drive LLC

51 Sycamore Drive LLC is engaged in activities related to real
estate.

51 Sycamore Drive LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 24-74016) on Oct. 21,
2024. In the petition filed by Michael O'Sullivan, as president,
the Debtor estimated assets and liabilities between $1 million and
$10 million each.

The Honorable Bankruptcy Judge Robert E. Grossman handles the
case.

The Debtor is represented by Ronald D. Weiss, Esq. at RONALD D.
WEISS, P.C.


ABSOLUTE DIMENSIONS: Lender Seeks to Prohibit Cash Access
---------------------------------------------------------
Emprise Bank asked the U.S. Bankruptcy Court for the District of
Kansas to terminate Absolute Dimensions, LLC's use of cash
collateral and prohibit it from continued use.

As of the filing of its Chapter 11 case, Absolute Dimensions was
indebted to Emprise in the amount of $1.522 million. The claim is
secured by Emprise's security interest in all of the company's
accounts receivable, inventory, and equipment. The lender believes
its claim is fully secured but by a fairly small margin.

Emprise argued that Absolute Dimensions has continually breached
the terms of the previous cash collateral order by failing to make
the adequate protection payments when due and to provide the
various reports required thereunder when due. The monthly
financials as of October 31, 2024, and the weekly reports for the
week ending on November 15, 2024 and subsequent weeks have not yet
been made.

Under the terms of the cash collateral order, events of default
thereunder include actual revenue falling below 85% of projections
and actual expenses being in excess of 115% of projections. For the
period for which the financial reports have been made (May through
September 2024), total expenses for such months were 91.17%,
147.52%, 157.73%, 154.04%, and $137.37% of projections,
respectively. Absolute Dimensions' projections showed positive net
income of $23,215 for such months. Actual net income for such
months was negative $35,899. Absolute Dimensions' actual net income
for 2024 through September 30, 2024 is negative $288,938. The
company has not provided any explanation of the discrepancies
between projections and actual figures, and Emprise is not aware of
any reason to think such discrepancies will not continue.

The hearing is set for Jan. 28, 2025.

                     About Absolute Dimensions

Absolute Dimensions, LLC specializes in 3, 4, and 5 axis and CNC
machining as well as Water Jet cutting.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Kan. Case No. 24-10392) on May 8, 2024.
In the petition signed by Stephen Brittain, managing member, the
Debtor disclosed up to $10 million in both assets and liabilities.

Judge Mitchell L. Herren oversees the case.

Nicholas R. Grillot, Esq., at Hinkle Law Firm, LLC, represents the
Debtor as bankruptcy counsel.


AKOUSTIS TECHNOLOGIES: Gets Interim OK to Use Cash Collateral
-------------------------------------------------------------
Akoustics Technologies, Inc. and affiliates received interim
approval from the U.S. Bankruptcy Court for the District of
Delaware to use cash collateral for the period from Dec. 16 to Jan.
31, 2025.

The companies require the use of cash collateral to pay expenses
including payroll and benefits, general operational expenses
(including maintenance and utilities), taxes, and other obligations
related to their business and administrative expenses of the
bankruptcy estate.

As of the petition date, the companies have no secured credit
facilities or any "traditional" secured loan obligations. The
companies' businesses have been funded almost entirely through the
issuance of common stock in Akoustis Technologies and through its
offering of convertible senior notes due 2027.

Akoustis, Inc., owes a significant amount of money to a lender,
Joseph Collins. This debt is secured by a large portion of
Akoustis' assets. The debt was initially taken on to finance the
acquisition of another company, Grinding and Dicing Services, Inc.
The original debt amount was $4 million, but it has been reduced
due to post-acquisition adjustments. The lender has a legal claim
on these assets to ensure repayment of the loan.

As of the petition date, the borrowers' have approximately $4.517
million in accounts receivable that may be subject to the
pre-bankruptcy liens and that may constitute cash collateral. On a
post-petition basis, the companies also expect to generate cash
from their operations, which they will use to fund the Chapter 11
cases.

As adequate protection, the pre-bankruptcy secured creditor will be
granted replacement liens to the same extent and with the same
priority and validity as its pre-bankruptcy lien.

                    About Akoustis Technologies

Akoustis Technologies, Inc. -- http://www.akoustis.com/ --is a
high-tech BAW RF filter solutions company that is pioneering
next-generation materials science and MEMS wafer manufacturing to
address the market requirements for improved RF filters --
targeting higher bandwidth, higher operating frequencies and higher
output power compared to legacy polycrystalline BAW technology. The
Company utilizes its proprietary and patented XBAW(R) manufacturing
process to produce bulk acoustic wave RF filters for mobile and
other wireless markets, which facilitate signal acquisition and
accelerate band performance between the antenna and digital back
end. Superior performance is driven by the significant advances of
poly-crystal, single-crystal, and other high purity piezoelectric
materials and the resonator-filter process technology which enables
optimal trade-offs between critical power, frequency and bandwidth
performance specifications.

Akoustis owns and operates a 125,000 sq. ft. ISO-9001:2015
registered commercial wafer-manufacturing facility located in
Canandaigua, NY, which includes a class 100 / class 1000 cleanroom
facility -- tooled for 150-mm diameter wafers -- for the design,
development, fabrication and packaging of RF filters, MEMS and
other semiconductor devices.  Akoustis is headquartered in the
Piedmont technology corridor near Charlotte, North Carolina.

Akoustis and three affiliates sought Chapter 11 protection (Bankr.
D. Del. Lead Case No. 24-12796) on Dec. 16, 2024.

The Hon. Laurie Selber Silverstein is the case judge.

The Debtor disclosed $53,371,000 in total assets against
$122,586,000 in total debt as of Sept. 30, 2024.

K&L Gates LLP is serving as legal counsel, Raymond James &
Associates, Inc. is serving as investment banker, Getzler Henrich &
Associates LLC is serving as financial advisor, and C Street
Advisory Group is serving as strategic communications advisor.
Landis Rath & Cobb LLP is the local counsel.  Stretto is the
claims agent and has launched the page
https://cases.stretto.com/Akoustis.


ALTITUDE GROUP: Unsecureds to Get Nothing in Liquidating Plan
-------------------------------------------------------------
The Altitude Group LLC d/b/a Core Home Security filed with the U.S.
Bankruptcy Court for the Southern District of Florida an Amended
Disclosure Statement to accompany Amended Plan of Liquidation dated
December 10, 2024.

The Debtor is a business formed under the laws of the State of
Florida June 29, 2010, and having its principal business address in
Boca Raton, Palm Beach County, Florida.

Under its d/b/a, it sells, installs, and then monitors home
security equipment for individual residences. The sole owner and
manager of the Debtor is authorized representative in this Case,
Ryan Neill. The Debtors revenue is driven nearly entirely by the
sale of new and renewing subscriptions for monitoring services
after installation of the equipment it installs.

The principal business offices of the Debtor are at 1095 Broken
Sound Parkway, Suite 203, Boca Raton, Fl 33487, which is leased on
a five-year commercial lease, expiring on or about May 31, 2027 at
$8,398.79 per month. The commercial landlord in this case is 1095
Broken Sound Parkway, LLC, and the commercial lease was not in
default on the Date of Petition.

On the Date of Petition, the Debtor estimates the value of its
assets at $2,205,046 and the total of all of non-owner liabilities
$3,340,183. Of those liabilities, the Debtor estimates it owes
pre-petition secured claims of $2,087,767.

The Debtor believes that it is in the best interest of all
creditors to liquidate the Debtor's assets according to the Plan,
and distribute the proceeds of such liquidation pursuant to the
priorities of the Plan, the Confirmation Order, and the Bankruptcy
Code, in complete satisfaction and discharge of all claims. The
Plan considers the Debtor's plan to sell all or substantially all
of its assets which will pay all but the most junior secured claims
in full, pay all priority tax debt, and pay all the administration
costs of this Case.

As of the Petition Date, the Debtor estimated that unsecured claims
held by creditors of the Debtor, excluding any unsecured and
undersecured portions of prepetition secured debts, and excluding
equity interests and claims of insiders, total approximately
$1,252,416.00. These other unsecured claims include (i) accrued and
unpaid trade and other unsecured debt incurred in the ordinary
course of the Debtor's business and (ii) unpaid amounts owed to the
Debtor's employees who agreed to compensation deferrals.

The Debtor filed a Motion with this Court to sell all or
substantially all of the Debtor's assets pursuant to Section 363 of
the Bankruptcy Code by way the Motion to Sell Free and Clear of
Liens (3200 Customer Contracts) pursuant to 11 USC 363 filed by
Debtor, (the "Sale Motion"). The Sale Motion also sought to
establish the procedures for such a sale. The Court's Order
resulting from the Sale Motion, together with the duly filed and
noticed sale shall set forth the sale procedures.

Pursuant to those sale procedures, the Debtor conducted a Sale of
substantially all of the Debtor's assets. After approval of the
Court, the Debtor accepted the highest and best offer for sale of
the Debtor's assets, and subject to an Asset Purchase Agreement for
the Sale of substantially all of the Debtor's assets, including
inventory, intellectual property, licenses, and other assets, the
Debtor, subject to this Court's Oder, dated October 29, 2024
granting the Sale Motion ("the Sale Order"), shall execute and
deliver a the sale and transfer of all or substantially all of its
assets pursuant to said Sale.

The net proceeds from that Sale, less all closing costs,
unclassified claims, and all other administration of the case,
shall be distributed according to the class claims and treatments
of the Plan.

The Plan will be funded primarily from the net proceeds of the Sale
and preferential payment recoveries. The Plan provides for
distributions on account of unclassified claims, secured claims,
unsecured claims (including claims arising from the rejection of
leases or contracts), priority claims and administrative claims, in
priority of payment set forth under the Bankruptcy Code, and, in
the event that funds were to remain after payment of all Allowed
Claims in full, which is unexpected, any such remaining funds would
be distributed to holders of Interests.

Class 5 consists of the Allowed General Unsecured Equity Claims of
the holders of voting and equity membership interests of and in the
Debtor. Class 5 creditors shall receive no distribution under the
Plan. Class 5 is impaired and may vote to accept or reject the
Plan.

The Sale and the net proceeds of the Sale shall be the primary
source of funds for distribution to holders of unclassified and
Allowed Claims, and if possible, Interests pursuant to the terms of
the Plan. Available Cash on hand, as well as proceeds from the
liquidation of miscellaneous personal property, collection of
accounts receivable, and proceeds from Causes of Action, shall also
be part of any distribution.

A full-text copy of the Amended Disclosure Statement dated December
10, 2024 is available at https://urlcurt.com/u?l=iF04GY from
PacerMonitor.com at no charge.

Counsel for the Debtor:

     Tate M. Russack, Esq.
     RLC, PA Lawyers & Consultants
     7999 North Federal Highway Suite 102
     Boca Raton, FL 33487
     Tel: (561) 571-9610
     Email: tate@russack.net
   
                   About The Altitude Group

The Altitude Group LLC, doing business as Core Home Security,
sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
S.D. Fla. Case No. 24-17893) on August 1, 2024. In the petition
filed by Ryan Neill, manager, the Debtor disclosed between $1
million and $10 million in both assets and liabilities.

Judge Erik P. Kimball oversees the case.

The Debtor tapped Tate M. Russack, Esq., at RLC, PA Lawyers &
Consultants as bankruptcy counsel; Ken Kirschenbaum, Esq., at
Kirschenbaum & Kirschenbaum PC as special counsel; and Stephen T.
Palmer, CPA, at Palmer Financial Consulting, Inc. as accountant.


AMERINVEST LLC: Lender Seeks to Prohibit Cash Collateral Access
---------------------------------------------------------------
APSEC Resolution, LLC asked the U.S. Bankruptcy Court for the
Eastern District of Virginia, Alexandria Division, to prohibit
Amerinvest, LLC from using its cash collateral.

APSEC is a secured creditor of Amerinvest pursuant to a loan
agreement and other documents executed in connection with the
indebtedness owed to the Bank of Hope, which were eventually
assigned to APSEC.

The documents include a business loan agreement in the original
principal amount of $1.8 million, a single deed of trust, and a
promissory note in the original principal amount of $1.8 million
executed by Amerinvest on Dec. 31, 2018.

Numerous defaults exist under the loan documents. Prior to the
petition date, the promissory note was accelerated and a notice of
foreclosure against Amerinvest's property was sent to the company,
which notified the company of a foreclosure sale scheduled for Nov.
6. The company has failed to make a single post-petition payment to
APSEC.

APSEC also holds a properly perfected security interest in all
rents and income derived or generated from the real property
located in Alexandria, Va. The security interests in the property
and the cash collateral are maintained by a single deed of trust
and a separate single assignment of rents. Amerinvest currently
leases the property for $17,500 per month.

When paid, Amerinvest collects the rents and income generated by
the property that secures APSEC's lien but continues to use and
control that cash collateral without court authority or APSEC's
consent.

APSEC requested the court to require Amerinvest to immediately
segregate and account for any cash collateral in the company's
possession, custody or control; require the company to turn over to
APSEC all rent received from the tenants for the property
post-petition; and require the company to direct the tenants to
make future rental payments to APSEC directly.

The hearing is scheduled for Jan. 14.

                       About Amerinvest LLC

Amerinvest, LLC is a company in McLean, Va., engaged in renting and
leasing real estate properties.

Amerinvest filed its voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Case No. 24-12069) on Nov.
5, 2024, listing $1 million to $10 million in both assets and
liabilities. The petition was signed by Daria Karimian as managing
member.

David C. Jones, Jr., Esq., at the Law Office of David C. Jones, Jr.
represents the Debtor as bankruptcy counsel.


ANALABS INC: Hires Roop Law Office as Bankruptcy Counsel
--------------------------------------------------------
Analabs Inc. seeks approval from the U.S. Bankruptcy Court for the
Southern District of Western Virginia to hire Roop Law Office, L.C,
as attorney.

The firm will provide these services:

      a. give the debtor legal advice with respect to its powers
and duties as debtor-in-possession and in the management of its
properties;

      b. prepare on behalf of your applicant as
debtor-in-possession, all necessary motions, applications, answers,
orders, reports and other legal papers; and

      c. perform all other legal services for the
debtor-in-possession which may be necessary.

The firm will be paid at these rates:

     Paul W. Roop, II      $375 per hour
     Paralegal             $100 per hour

The firm was paid a retainer in the amount of $10,000.

Roop Law Office will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Paul W. Roop, II, Esq., a partner at Roop Law Office LC, 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:

      Paul W. Roop, II, Esq.
      Roop Law Office LC
      PO Box 1145
      Beckley, WV 25802-1145
      Telephone: (304) 255-7667
      Facsimile: (304) 256-2295
      Email bankruptcy@rooplawoffice.com

              About Analabs Inc.

Analabs Inc. provides cannabis testing, drug testing and
environmental testing for corporations of all sizes. The Company's
clients include waste and drinking water plants, coal companies,
engineering firms, public school systems, grocery stores, natural
gas companies, local, state, and federal government agencies, and
many more.

Analabs Inc. sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. S.D.W. Va. Case No. 24-50095) on December 3, 2024. In
the petition filed by Kelli Harrison, as director/vice-president,
the Debtor report total assets of $1,882,258 and total liabilities
of $3,188,705.

Honorable Bankruptcy Judge B Mckay Mignault handles the case.

The Debtor is represented by Paul W. Roop, II, Esq. at ROOP LAW
OFFICE, LC.


ANALABS INC: Seeks to Hire Charles Thompson as President
--------------------------------------------------------
Analabs Inc. seeks approval from the U.S. Bankruptcy Court for the
Southern District of Western Virginia to hire Charles Thompson as
president.

Mr. Thompson's duties will include overseeing the daily operations
of the business.

The Debtor seeks permission to prospectively pay Charles Thompson
$4,958.33 (gross) monthly (payable bi-weekly), or $59,500 (gross)
per annum.

Mr. Thompson can be reached at:

     Charles Thompson
     Analabs Inc.
     196 Dayton St.
     Crab Orchard, WV 25827
     Phone: (304) 255-4821
     Fax: (304) 255-2410
     Email: analabs@analabsinc.com

              About Analabs Inc.

Analabs Inc. provides cannabis testing, drug testing and
environmental testing for corporations of all sizes. The Company's
clients include waste and drinking water plants, coal companies,
engineering firms, public school systems, grocery stores, natural
gas companies, local, state, and federal government agencies, and
many more.

Analabs Inc. sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. S.D.W. Va. Case No. 24-50095) on December 3, 2024. In
the petition filed by Kelli Harrison, as director/vice-president,
the Debtor report total assets of $1,882,258 and total liabilities
of $3,188,705.

Honorable Bankruptcy Judge B Mckay Mignault handles the case.

The Debtor is represented by Paul W. Roop, II, Esq. at ROOP LAW
OFFICE, LC.


ANALABS INC: Seeks to Hire Kelli Harrison as Vice President
-----------------------------------------------------------
Analabs Inc. seeks approval from the U.S. Bankruptcy Court for the
Southern District of Western Virginia to hire Kelli Harrison as
vice president.

Ms. Harrison's duties will include overseeing the daily operations
of the business.

The Debtor seeks permission to prospectively pay Ms. Harrison
$11,458.42 (gross) monthly (payable bi-weekly), or $137,501 (gross)
per annum.

Ms. Harrison can be reached at:

     Kelli Harrison
     Analabs Inc.
     196 Dayton St.
     Crab Orchard, WV 25827
     Phone: (304) 255-4821
     Fax: (304) 255-2410
     Email: analabs@analabsinc.com

              About Analabs Inc.

Analabs Inc. provides cannabis testing, drug testing and
environmental testing for corporations of all sizes. The Company's
clients include waste and drinking water plants, coal companies,
engineering firms, public school systems, grocery stores, natural
gas companies, local, state, and federal government agencies, and
many more.

Analabs Inc. sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. S.D.W. Va. Case No. 24-50095) on December 3, 2024. In
the petition filed by Kelli Harrison, as director/vice-president,
the Debtor report total assets of $1,882,258 and total liabilities
of $3,188,705.

Honorable Bankruptcy Judge B Mckay Mignault handles the case.

The Debtor is represented by Paul W. Roop, II, Esq. at ROOP LAW
OFFICE, LC.


ATLAS PURCHASER: $154.4MM Bank Debt Trades at 92% Discount
----------------------------------------------------------
Participations in a syndicated loan under which Atlas Purchaser Inc
is a borrower were trading in the secondary market around 8.5
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $154.4 million Term loan facility is scheduled to mature on May
5, 2028. The amount is fully drawn and outstanding.

Atlas Purchaser, Inc., which does business as Alvaria, Inc.,
acquired the assets of Aspect Software in a leveraged buyout in
2021. Aspect is a provider of call center software and solution.


AVENTIV TECHNOLOGIES: $1.04BB Bank Debt Trades at 25% Discount
--------------------------------------------------------------
Participations in a syndicated loan under which Aventiv
Technologies LLC is a borrower were trading in the secondary market
around 75.3 cents-on-the-dollar during the week ended Friday,
December 20, 2024, according to Bloomberg's Evaluated Pricing
service data.

The $1.04 billion Term loan facility is scheduled to mature on July
31, 2025. The amount is fully drawn and outstanding.

Carrollton, Texas-based Aventiv Technologies LLC is a diversified
technology company that provides innovative solutions to customers
in the corrections and government services sectors. Aventiv is the
parent company to Securus Technologies and AllPaid.


BABY K'TAN: Maria Yip Named Subchapter V Trustee
------------------------------------------------
The U.S. Trustee for Region 21 appointed Maria Yip, a certified
public accountant and managing partner at Yip Associates, as
Subchapter V trustee for Baby K'Tan, LLC.

Ms. Yip will be paid an hourly fee of $450 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

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

The Subchapter V trustee can be reached at:

     Maria M. Yip
     2 S. Biscayne Blvd., Suite 2690
     Miami, FL 33131
     Tel: (305) 569-0550
     Email: myip@yipcpa.com

                       About Baby K'tan LLC

Baby K'tan, LLC manufactures and sells ready-to-wear and soft
fabric wrap pet and baby carrier. The Pet K'tan Pet Carrier is a
patented ready-to-wear soft fabric wrap that allows the caregiver
to wear their pet in several positions without any complicated
wrapping or buckling. The Baby K'tan Baby Carrier has a patented
double-loop design that functions as a sling, wrap and baby
carrier, yet there is no wrapping, no buckling, and no adjusting
any rings.

Baby K'tan sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 24-22671) on December 3,
2024, with up to $1 million in assets and up to $10 million in
liabilities. Michal Chesal, president and co-founder of Baby K'tan,
signed the petition.

Judge Peter D. Russin oversees the case.

Isaac Marcushamer, Esq., at DGIM Law PLLC, represents the Debtor as
legal counsel.


BABY K'TAN: Seeks to Hire DGIM Law PLLC as Bankruptcy Counsel
-------------------------------------------------------------
Baby K'Tan, LLC received interim approval from the U.S. Bankruptcy
Court for the Southern District of Florida to hire the Law Firm of
DGIM Law, PLLC as counsel.

The firm will provide these services:

     a. give advice to the debtor with respect to its powers and
duties as a debtor in possession and the continued management of
its business operations;

     b. advise Debtor with respect to its responsibilities in
complying with the U.S. Trustee's Operating Guidelines and
Reporting Requirements and with the rules of the Court;

     c. prepare motions, pleadings, orders, applications, adversary
proceedings, and other legal documents necessary in the
administration of the case;

     d. protect the interests of Debtor in all matters pending
before the Court; and

     e. represent Debtor in negotiation with its creditors in the
preparation of a Plan.

The firm will be paid at these rates:

     Partners       $490 to $565 per hour
     Paralegals     $220 per hour

The firm received an advance retainer in the amount of $40,000.

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

Isaac M. Marcushamer, Esq., a partner at DGIM Law, 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:

     Isaac M. Marcushamer, Esq.
     DGIM Law, PLLC
     2875 NE 191st Street, Suite 705
     Aventura, FL 33180
     Telephone: (305) 763-8708
     Email: isaac@dgimlaw.com

       About Baby K'tan LLC

Baby K'tan, LLC manufactures and sells ready-to-wear & soft fabric
wrap pet and baby carrier. The Pet K'tan Pet Carrier is a patented
ready-to-wear soft fabric wrap that allows the caregiver to wear
their pet in several positions without any complicated wrapping or
buckling. The Baby K'tan Baby Carrier has a patented double-loop
design that functions as a sling, wrap and baby carrier, yet there
is no wrapping, no buckling, and no adjusting any rings.

Baby K'tan sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 24-22671) on December 3,
2024, with up to $1 million in assets and up to $10 million in
liabilities. Michal Chesal, president and co-founder of Baby K'tan,
signed the petition.

Judge Peter D. Russin oversees the case.

Isaac Marcushamer, Esq., at DGIM Law PLLC, represents the Debtor as
legal counsel.


BECKER INC: Has Deal on Cash Collateral Access Until Jan. 6
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Kentucky,
Louisville Division, approved an agreement between Becker, Inc. and
PNC Bank, NA, allowing the company to use the bank's cash
collateral until Jan. 6 next year.

Becker requires the use of cash collateral to pay operating
expenses including insurance premiums, taxes, and utilities.

PNC, Seacoast National Bank, Bluevine Capital Inc., ByzFunder LLC,
On Deck Capital Inc., Fox Funding Group LLC, CAN Capital Inc., CT
Corporation System, as representative, Funding Metrics LLC, and
VSTATE Filings assert interests in the cash collateral.

As adequate protection, each creditor will be granted replacement
liens on all of the post-petition property of the company that is
similar to or traceable to each creditor's respective
pre-bankruptcy interest in the property.

As additional protection to PNC, Becker will make regular monthly
payments of $3,450 to the bank.

                         About Becker Inc.

Becker, Inc. has two convenient superstore locations specializing
in University of Louisville & University of Kentucky apparel,
gifts, and accessories.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Ky. Case No. 24-31386) on May 29,
2024. In the petition signed by John I. Becker, president, the
Debtor disclosed up to $10 million in both assets and liabilities.

Judge Charles R. Merrill oversees the case.

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


BELLARMINE UNIVERSITY: Moody's Lowers Issuer & Bond Ratings to B1
-----------------------------------------------------------------
Moody's Ratings has downgraded Bellarmine University's (KY) issuer
and revenue bond ratings to B1 from Ba3. For fiscal 2024, the
university recorded total outstanding debt of $60 million. The
outlook is negative.

The downgrade reflects ongoing enrollment challenges resulting in
potential for continued operating deficits over the next several
years absent swift strategic actions with significant results.
Social considerations are a key driver of this rating action, with
weak regional demographics and evolving consumer trends factoring
into sustained erosion in net tuition revenue. Additionally,
continued reliance on reserves, pre-funding of debt service to meet
bond covenants and growing age of plant due to underspending on
capital to preserve liquidity place further pressure on the rating
and are governance considerations and a driver of the rating
action.

RATINGS RATIONALE

The downgrade to B1 from Ba3 reflects the university's continued
heavily reliance on use of reserves, effectively depleting
available unrestricted liquidity.  While the university recently
hired a consultant and continues to work through a strategic plan
focused on increasing enrollment and retention to support operating
stability, these plans present substantial execution risks amid a
highly competitive environment. Further, an unanticipated decline
in enrollment in Fall 2024, partially driven by delays and
challenges with the Free Application for Federal Student Aid,
following improvements recognized in Fall 2023 highlights the
highly competitive nature of the market. Multiple years of
deficits, prefunding of debt service and reliance on reserves
leaves little room for capital investment, reflected in
Bellarmine's nearly 19 years age of plant. 2024 represents the
third year of pre-funding debt service, absent which the university
would be in violation of its 1.1x rate covenant.

Offsetting factors include Bellarmine's niche as an established
Catholic university in urban Louisville with notable and expanding
programs and partnerships, particularly oriented toward health
professions. Historically good donor support provides some prospect
for funding of deferred maintenance. While debt affordability will
weaken with softer operations, the university has no additional
debt plans at this time.

RATING OUTLOOK

The negative outlook indicates ongoing challenges in managing
expenses to counter revenue declines and the possibility of further
deterioration without timely and effective strategic actions.
Management's failure to achieve their targeted enrollment and
operational metrics could lead to rapid credit deterioration.

FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATINGS

-- Material and sustained improvements in operating performance
translating to a multi-year track record of an operating surplus

-- Ability to meet debt service covenant without pre-funding of
debt from endowed funds

-- Substantial and enduring expansion in the university's wealth
and unrestricted financial reserves

FACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATINGS

-- Failure to demonstrate strategic initiatives into incremental
improvements in margins

-- Continued depletion of wealth and liquidity or reliance on an
operating line of credit for operating liquidity  

-- Increase in leverage or inability to satisfy current bond
covenants

LEGAL SECURITY

Bellarmine's outstanding Series 2015, 2017A and 2017B bonds have a
lien and security interest in gross revenues. The bonds are further
secured by a mortgage pledge on certain campus facilities and fully
cash funded debt service reserve fund.

The university has covenanted to charge and maintain tuition, fees
and other charges sufficient to provide Net Revenues Available for
Debt Service at least equal to 1.1x annual debt service on all
long-term indebtedness. For fiscal 2024 management reports that the
projected covenant would be below 1.1x, absent its pre-deposit of
debt service.

PROFILE

Bellarmine University is a small, private, liberal arts university
located in Louisville, Kentucky, founded in 1950 under the Catholic
tradition. Bellarmine offers undergraduate, graduate and
professional degrees, with notable programs in health sciences,
nursing, education and business. For fiscal 2024, the university
recorded $75 million in operating revenue and in fall 2024,
enrolled 2,756 fulltime equivalent (FTE) student.

METHODOLOGY

The principal methodology used in these ratings was Higher
Education published in July 2024.


BRAND INDUSTRIAL: Moody's Alters Outlook on 'B3' CFR to Stable
--------------------------------------------------------------
Moody's Ratings changed Brand Industrial Services, Inc.'s outlook
to stable from positive and affirmed its existing ratings,
including the B3 Corporate Family Rating, B3-PD Probability of
Default Rating, B3 rating on its senior secured term loan C, B3
rating on the senior secured first lien notes, the B3 rating on the
senior secured first lien revolving credit facility due 2028 and
the B3 rating on the senior secured first lien revolving credit
facility due 2025.

"The move to a stable outlook reflects Brand's weaker than expected
operating performance and credit metrics that do not support a
potential upgrade of the ratings," stated James Wilkins, Moody's
Ratings Vice President. "Moody's do expect that the company's
performance can improve in 2025 and drive metrics that support the
existing B3 ratings."

RATINGS RATIONALE

Brand's B3 CFR reflects its high leverage, a lack of consistent
positive free cash flow and uncertainty regarding improvement in
its credit metrics. The company's revenue for the first nine months
2024 was down slightly compared to the 2023 period. Its revenue has
been negatively impacted by softness in new construction activity
and a decline in work for petrochemical and refining customers.
EBITDA margins also declined during the first nine months 2024 and
Brand has not consistently generated positive free cash flow. The
company's leverage (debt / EBITDA) was 6.6x as of Sept. 30, 2024,
up from 5.9x at year-end 2023, and is higher than Moody's expected
for this time period when Moody's assigned ratings with a positive
outlook to the company's new debt in connection with its 2023
refinancing transactions. The increase in the leverage ratio in
2024 reflects weaker earnings and a modest increase in debt to
offset negative free cash flow as well as to fund the acquisition
of Covan's Insulation Company. The company's interest burden
declined following the third quarter 2023 refinancing of the debt
capital structure and debt pay down funded by an equity injection
from the owners. The interest burden further declined after the
company repriced its $1.3 billion Term Loan in early 2024. However,
interest coverage (EBITDA / interest expense = 1.2x for Q3 2024)
weakened for the third quarter 2024 following the maturity of
interest rate caps in June 2024.

Despite the weakness in certain of Brand's end markets, Moody's
expect Brand's operating results to improve in 2025-2026. Revenue
growth and a decline in interest rates could contribute to positive
free cash flow generation. The rating also considers the benefits
of the company's scale, geographic diversity, leading market
position in a highly fragmented market, diversified revenue stream,
a large and broad customer base, and high levels of recurring
revenues.

The B3 ratings on the senior secured bank credit facility and the
senior secured first lien notes are at the same level as the B3 CFR
and reflect the fact that all of the debt is secured, benefits from
guarantees from the US subsidiaries of the borrowers, and ranks
pari passu. The revolving credit facility includes two tranches
with maturity dates in 2025 and 2028.

The change to a stable outlook reflects Moody's expectation that
Brand's credit metrics will be supportive of the current ratings
and it will not generate positive free cash flow in 2025 that will
lead to meaningfully lower leverage.

Brand has adequate liquidity supported by a revolving credit
facility, an accounts receivable securitization facility, cash flow
from operations and cash balances. The additional $150 million Term
Loan issued in April 2024 improved liquidity with proceeds used to
repay short-term borrowings under the revolver. It is uncertain if
the company will generate meaningful positive free cash flow in
2025. As of September 30, 2024, the company had $198.1 million of
outstanding letters of credit and $130 million of borrowings under
its $712.4 million revolving credit facility. The revolver has
$676.6 million of commitments that mature in August 2028 and $35.8
million of commitments maturing in February 2025. The credit
facility has a springing maximum Consolidated Secured Leverage
Ratio financial covenant of 7.0x, which is triggered only if over
35% of the revolver is drawn. The $700 million accounts receivable
financing facility due January 2027, is subject to borrowing base
limitations and had $510.9 million in borrowings and $5.0 million
in letters of credit outstanding as of September 30, 2024. Other
than the $35.8 million of revolver commitments that mature in
February 2025, there are no debt maturities until 2027, when the
receivables financing facility matures.

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

The ratings could be upgraded if Debt-to-EBITDA is below 5.5x for a
sustained period of time, EBITA-to-Interest Expense approaches 2.0x
and the company improves its free cash flow as well as maintains
adequate liquidity. The ratings could be downgraded if
Debt-to-EBITDA is above 6.5x for a sustained period of time,
EBITA-to-Interest expense is below 1.0x, a sizeable debt financed
acquisition is completed, or the liquidity profile deteriorates.

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

Brand Industrial Services, Inc., headquartered in Atlanta, GA, is
the largest provider of scaffolding, insulation, coatings and other
industrial services within the following market segments in North
America: upstream, midstream, and downstream oil & gas, power
generation, industrial and infrastructure. The company is majority
owned by Clayton, Dubilier & Rice and Brookfield Business Partners.


BRIGHT LAKES: Gets Approval to Hire Smeberg Law Firm as Counsel
---------------------------------------------------------------
Bright Lakes-Cielo Villas LLC received approval from the U.S.
Bankruptcy Court for the Western District of Texas to hire Smeberg
Law Firm, PLLC as Counsel.

The firm will give the Debtors legal advice with respect to the
Case, the Debtor's powers and duties as Debtor-in-Possession and
management of the Debtor's property, and to perform all legal
services for the Debtor-in-Possession that may be necessary.

The firm will be paid at these rates:

      Ronald J. Smeberg              $450 per hour
      Associate Attorneys            $300 per hour
      Legal Assistants/Paralegals    $175 per hour
      Non partner attorneys          $375 per hour
      Accounting Professionals       $250 per hour

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

Ronald J. Smeberg, Esq., a partner at Smeberg Law Firm, 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:

     Ronald J. Smeberg
     The Smeberg Law Firm, PLLC
     4 Imperial Oaks
     San Antonio, TX 78248
     Tel: (210) 695-6684
     Fax: (210) 598-7357
     Email: ron@smeberg.com

        About Bright Lakes - Cielo Villas LLC

Bright Lakes - Cielo Villas LLC is engaged in activities related to
real estate.

Bright Lakes - Cielo Villas LLC sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 24-52243) on
Nov. 4, 2024. In the petition filed by Craig Glendenning, as
manager, the Debtor estimated assets and liabilities between $1
million and $10 million each.

The Honorable Bankruptcy Judge Craig A. Gargotta handles the case.

The Debtor is represented by Ronald Smeberg, Esq. at THE SMEBERG
LAW FIRM.


BUCKEYE PARTNERS: Moody's Ups CFR to Ba2 & Alters Outlook to Stable
-------------------------------------------------------------------
Moody's Ratings upgraded Buckeye Partners, L.P.'s Corporate Family
Rating to Ba2 from Ba3, Probability of Default Rating to Ba2-PD
from Ba3-PD, senior unsecured notes ratings to Ba3 from B1, senior
secured 1st lien bank credit facilities ratings to Baa3 from Ba1,
and changed the outlook to stable from positive.

"Buckeye's upgrade reflects its recent reduction in debt and
financial leverage using proceeds from asset sales at its
affiliated alternative energy company," commented Thomas Le Guay, a
Moody's Ratings Vice President. "Moody's expect the company to
generate higher free cash flow thanks to increased earnings and a
substantial reduction in capital spending as compared to recent
years."

RATINGS RATIONALE

Buckeye's upgrade to Ba2 CFR with a stable outlook reflects the
recent reduction in financial leverage as the company used proceeds
from asset sales at its affiliated alternative energy company to
reduce debt and as earnings contributions from its 57.6% investment
in FLIQ2 Holdings, LLC (FLIQ2, unrated), Freeport LNG's second LNG
liquefaction train, resumed. Buckeye's management seeks to rapidly
decrease and maintain its leverage at or below 5.0x debt / EBITDA,
which approximates below 6.0x on Moody's fully adjusted basis,
proportionately consolidating the company's ownership interest in
FLIQ2.

Buckeye's Ba2 CFR reflects the company's significant scale, with
about $1 billion in EBITDA and strong asset profile, with stable
refined product pipelines and complementary terminals forming the
majority of its assets and cash flow. The company's ownership in
FLIQ2 should also provide predictable cash flow, given its highly
contracted capacity and improved operational performance following
significant repairs and investment. Buckeye also benefits from a
healthy level of free cash flow generation thanks to its increased
level of earnings and substantial reduction in capital spending.

Buckeye's CFR is constrained by its still high level of fully
adjusted financial leverage and concentrated decision making in the
hands of Buckeye's private equity sponsor IFM Global Infrastructure
Fund (IFM, unrated). IFM has demonstrated a comfort level with high
leverage since its purchase of Buckeye in 2019 and while Moody's
expect Buckeye's leverage to stabilize at a lower level, the CFR
continues to reflect the potential for event risk and decisions
that favor shareholders over creditors. Buckeye's 57.6% investment
in FLIQ2 carries a large amount of non-recourse debt which Moody's
include on a proportionately consolidated basis in Moody's analysis
of Buckeye.

Buckeye has good liquidity supported by approximately $1.1 billion
of availability as of September 30, 2024 under its $1.2 billion
senior secured revolving credit facility maturing in November 2028
and healthy free cash flow generation with discretion over
dividends to enable the company to achieve its leverage targets.
The company's next debt maturity is $400 million of senior
unsecured debt in March 2025, which the company has sufficient
revolver capacity to repay, but should be refinanced in normal
course. Maintenance covenants include a maximum total net leverage
of 6.5x, and a maximum first lien net leverage of 3.75x. Moody's
expect Buckeye to remain in compliance with its financial covenants
well into 2026.

Buckeye's senior unsecured notes are rated Ba3, one notch below the
Ba2 CFR, due to their subordination to the company's first lien
senior secured credit facilities. The first lien senior secured
credit facilities are rated Baa3, two notches higher than the Ba2
CFR, and reflect the instruments' priority position in the capital
structure and the benefit of the loss absorption provided by the
unsecured debt below them.

The stable rating outlook reflects Moody's expectations that the
company will achieve its forecasted increase in EBITDA in 2025
through recently completed growth projects and sustained operating
performance, including at FLIQ2, resulting in the achievement and
sustainment of its leverage target.

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

Moody's could upgrade the ratings if Buckeye continues to reduce
debt and improve its financial profile such that leverage
approaches 4.0x debt to EBITDA (5.0x on a proportionate
consolidation basis). Moody's could downgrade the ratings if
Buckeye's leverage does not decrease to be at or below 5.0x debt to
EBITDA (6.0x on a proportionate consolidation basis).

Buckeye Partners, L.P., is a midstream company based in Houston,
Texas. The company owns and operates refined products pipeline
systems in the Northeast and Midwest, including complementary
terminals, which also extend to the Southeastern and Gulf Coast
regions of the United States. The company also has wholesale fuel
distribution and marketing and domestic and international
terminalling facilities. Buckeye is owned by private equity sponsor
IFM.

The principal methodology used in these ratings was Midstream
Energy published in February 2022.


CAPITAL COMMERCIAL: Seeks to Hire Real Estate Investors as Counsel
------------------------------------------------------------------
Capital Commercial Holdings, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Arizona to hire The Real
Estate Investors Law Firm, LLC as counsel.

The firm's services include:

     a. advising the Debtor with respect to its rights, powers and
duties in the continued operation and management of its business;

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

     c. preparing necessary applications, motions, answers,
proposed orders, other pleadings, notices and reviewing all
financial and other reports;

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

     e. appearing in Court to protect the interests of the Debtor;

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

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

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

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

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

     k. advising the Debtor concerning executory contract and
unexpired lease assumptions, assignments and rejections and lease
restructuring and re-characterizations;

     l. assisting the Debtor in reviewing, estimating and resolving
claims asserted against the Debtor's estate;
     
     m. commencing and conducting litigation necessary and
appropriate to assert rights held by the Debtor, protect assets of
the Debtors' estate or otherwise further the goal of completing the
Debtor's successful reorganization; and

     n. performing all other legal services for the Debtor which
may be necessary and proper in this Chapter 11 Case.

The compensation of the firm's attorneys and paraprofessionals are
proposed at varying rates per hour currently ranging from $75 per
hour to $400 per hour.

Joseph Urtuzuastegui, Esq., a partner at The Real Estate Investors
Law Firm, LLC, disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached through:

     Joseph G. Urtuzuastegui III, Esq.
     The Real Estate Investor Law Firm, LLC
     4535 E. McKellips Rd., Suite 1093
     Mesa, AZ 85215
     Phone: (480) 505-7044

       About Capital Commercial Holdings

Capital Commercial Holdings, LLC is the fee simple owner of a
vacant land located in San Juan Capistrano, having a current value
of $1.6 million.

Capital Commercial Holdings sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 24-09234) on October
30, 2024, with total assets of $1,600,000 and total liabilities of
$773,885. John Wright, manager, signed the petition.

Judge Eddward P. Ballinger Jr. handles the case.

The Debtor is represented by Joseph G. Urtuzuastegui, III, Esq., at
REI Law Firm.


CARESTREAM HEALTH: $540.8MM Bank Debt Trades at 23% Discount
------------------------------------------------------------
Participations in a syndicated loan under which Carestream Health
Inc is a borrower were trading in the secondary market around 76.8
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $540.8 million Term loan facility is scheduled to mature on
September 30, 2027. About $523.9 million of the loan has been drawn
and outstanding.

Carestream Health, Inc., headquartered in Rochester, New York, is a
supplier of imaging and IT systems to the medical and dental
communities and to other markets.


CENTERSTONE REALTY: Judy Wolf Weiker Named Subchapter V Trustee
---------------------------------------------------------------
The U.S. Trustee for Region 10 appointed Judy Wolf Weiker of
Manewitz Weiker Associates, LLC as Subchapter V trustee for
Centerstone Realty Group, Inc.

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

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

The Subchapter V trustee can be reached at:

     Judy Wolf Weiker
     Manewitz Weiker Associates, LLC
     P.O. Box 40185
     Indianapolis, IN 46240
     Phone: 973-768-2735
     Email: JWWtrustee@manewitzweiker.com

                  About Centerstone Realty Group

Centerstone Realty Group, Inc. is a real estate service company and
an R/E Max franchisee with over 30 affiliated licensed brokers.

Centerstone sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Ind. Case No. 24-01846) on April 12,
2024, with up to $50,000 in assets and up to $500,000 in
liabilities. Lance Rhoades, president of Centerstone, signed the
petition.

Judge James M. Carr oversees the case.

Thomas C. Scherer, Esq., at Dentons Bingham Greenebaum, represents
the Debtor as legal counsel.


CHERRY & CANDLEWOOD: Gregory Jones Named Subchapter V Trustee
-------------------------------------------------------------
The U.S. Trustee for Region 16 appointed Gregory Jones, Esq., at
Stradling Yocca Carlson & Rauth, PC as Subchapter V trustee for
Cherry & Candlewood, Inc.

Mr. Jones will be paid an hourly fee of $595 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

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

The Subchapter V trustee can be reached at:

     Gregory K. Jones, Esq.
     Stradling Yocca Carlson & Rauth, PC
     10100 N. Santa Monica Boulevard, Suite 1400
     Los Angeles, CA 90067
     Telephone: (424) 214-7000
     Facsimile: (424) 214-7010
     Email: gjones@stradlinglaw.com

                   About Cherry & Candlewood Inc.

Cherry & Candlewood Inc., doing business as Aamco Transmission, is
an American transmission-repair franchise founded by Robert Morgan
and Anthony A. Martino in 1957 in Philadelphia.

Cherry & Candlewood sought relief under Subchapter V of Chapter 11
of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 24-19874)
on December 3, 2024, with $1 million to $10 million in both assets
and liabilities. Michael J. Long, chief executive officer, signed
the petition.

Judge Barry Russell handles the case.

The Debtor is represented by:

     Summer Shaw, Esq.
     Shaw & Hanover, PC
     44-901 Village Court, Suite B
     Palm Desert, CA 92260
     Tel: (760) 610-0000
     Fax: (760) 687-2800
     Email: ss@shaw.law


CNT HOLDINGS: Moody's Hikes CFR to 'B2' & Alters Outlook to Stable
------------------------------------------------------------------
Moody's Ratings upgraded CNT Holdings I Corp (dba "1-800 Contacts")
corporate family rating to B2 from B3 and probability of default
rating to B2-PD from B3-PD. At the same time, Moody's affirmed the
B2 ratings on the company's backed senior secured first lien bank
credit facilities; including its $150 million backed senior secured
first lien revolving credit facility and $1.545 billion (about $1.5
billion outstanding) backed senior secured first lien term loan.
The outlook was changed to stable from positive.

The upgrades reflect that Moody's expectation that company will
continue to demonstrate robust operating performance including
double digit percentage topline and EBITDA growth. This consistent
performance in recent years is due in part to continued new
customer acquisition coupled with high retention rates and to a
lesser extent, moderate price increases. Moody's expect Debt/EBITDA
and EBITA/Interest coverage to improve to about 5.0x and 2.3x,
respectively by year-end 2025 compared to 5.9x and 1.6x at LTM
September 30, 2024. The upgrades also reflect that the company has
maintained very good liquidity with Moody's expectation of about
$115 million of positive free cash flow expected over the next
twelve months, ample cash balances and full availability under its
$150 million revolver.

The outlook change to stable reflects Moody's expectation that
1-800 Contacts' will demonstrate solid credit metrics for its
rating category and maintain very good liquidity over the next
12-18 months.

RATINGS RATIONALE

1-800 Contacts B2 CFR reflects its high financial leverage and
governance considerations specifically its aggressive financial
policy under private equity ownership including debt financed
shareholder distributions (its most recent, a $250 million debt
financed dividend in Q1 2024). Nonetheless, solid financial
performance following its 2020 LBO has led to improved financial
leverage with debt/EBITDA of about 5.9x at September 30, 2024 down
from a high of 8.7x in 2020. Moody's anticipate continued improved
operating performance to support leverage decreasing to between
4.75x – 5.0x over the next 12-18 months.

The company's credit profile also reflects its small scale relative
to retail industry peers and the highly competitive and
commoditized nature of the contact lens retail business. As a
consumer facing company, 1-800 Contacts is exposed to social and
environmental factors, including privacy, data protection, product
and supply chain sustainability. Partially offsetting these
challenges are the company's good brand name recognition, leading
position as an online player and continued investment in
innovation. Moody's also recognize the recession resilient nature
of demand for contact lenses, as well as the growing e-commerce
penetration and premiumization within the category. 1-800 Contacts
has very good liquidity including positive free cash flow, full
revolver availability and a lack of near-term maturities.

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

The ratings could be upgraded following continued solid revenue and
earnings growth, maintenance of very good liquidity including
robustly positive free cash flow as well as a demonstrated
commitment to balanced financial policies that support stronger
credit metrics. Quantitatively, ratings could be upgraded if
debt/EBITDA is sustained below 4.75x and EBITA/interest expense is
sustained above 2.25x.

The ratings could be downgraded if liquidity or earnings materially
deteriorate or if the company's financial strategy becomes more
aggressive. Quantitatively, ratings could be downgraded if
debt/EBITDA is sustained above 6.5x or EBITA/Interest is sustained
below 1.75x.

CNT Holdings I Corp ("CNT" or "1-800 Contacts") is an online
retailer and distributor of contact lenses in the US. The company
is controlled by affiliates of Kohlberg Kravis Roberts & Co L.P.
and generates roughly $1.5 billion in annual revenue.

The principal methodology used in these ratings was Retail and
Apparel published in November 2023.


COLUMBIA WEST: Edward Burr Named Subchapter V Trustee
-----------------------------------------------------
The U.S. Trustee for Region 17 appointed Edward Burr of Mac
Restructuring Advisors, LLC as Subchapter V trustee for Columbia
West Cap, LLC.

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

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

The Subchapter V trustee can be reached at:

     Edward Burr
     Mac Restructuring Advisors, LLC
     10191 E. Shangri La Road
     Scottsdale, AZ 85260
     Phone: (602) 418-2906
     Email: Ted@macrestructuring.com

                      About Columbia West Cap

Columbia West Cap, LLC sought relief under Subchapter V of Chapter
11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 24-10325)
on Dec. 2, 2024, listing under $1 million in both assets and
liabilities.

Todd A. Burgess, Esq., at The Burgess Law Group serves as the
Debtors' counsel.


COMINAR REAL: DBRS Confirms BB(high) Issuer, Senior Unsec. Rating
-----------------------------------------------------------------
DBRS Limited changed Cominar Real Estate Investment Trust's
(Cominar or the REIT) trends to Negative from Stable and confirmed
the Issuer Rating and Senior Unsecured Debentures rating at BB
(high). The Recovery Rating on the Senior Unsecured Debentures
remains at RR3.

KEY CREDIT RATING CONSIDERATIONS

The Negative trends reflect Cominar's slower progress toward
achieving leverage, as measured by total debt-to EBITDA, relative
to Morningstar DBRS' previously stated expectations of 9.2 times
(x) for both 2024 and 2025, as per the press release dated
September 6, 2024. Morningstar DBRS now expects Cominar's leverage
to be in the high 10x range in 2024 and 2025. The deterioration in
forecasted leverage is a function of slower-than-anticipated
progress on disposition of noncore asset sales in 2024. At the same
time, the lack of visibility on the REIT's asset sales and other
deleveraging initiatives leaves us less certain of Cominar's
ability to achieve our current total debt-to-EBITDA expectations
for 2025. The trends further acknowledge a conservative same
property net operating income growth outlook in the near term as a
result of ongoing headwinds in the REIT's operating environment.
The Negative trends also factor in Morningstar DBRS' expectations
of Cominar using additional levers to reduce leverage in the near
term. Cominar's business risk assessment (BRA) factors remain
unchanged from our prior review.

CREDIT RATING DRIVERS

Morningstar DBRS would consider downgrading Cominar's credit
ratings should the REIT fail to demonstrate any progress in
reducing leverage and stabilizing operating performance in the next
few quarters such that the total debt-to-EBITDA remains above 9.3x
or EBITDA-interest coverage remains below 1.67x on a sustained
basis, all else equal. Conversely, Morningstar DBRS would consider
restoring the trend to Stable if Cominar's total debt-to-EBITDA
remains comfortably below 9.3x and EBITDA-interest coverage remains
comfortably above 1.67x on a sustained basis, all else equal.

FINANCIAL OUTLOOK

Morningstar DBRS has revised its expectation for Cominar's total
debt-to-EBITDA to the high 10x range from the low 9.0x range (and
10.8x for nine months ended September 30, 2024) because of a lack
of visibility surrounding the REIT's near-term deleveraging plans.
Similarly, as a result of higher debt levels than previously
anticipated combined with the refinancing risk, Morningstar DBRS
now expects Cominar's EBITDA interest coverage to fluctuate in the
low 1.7x range in the near to medium term instead of the high 1.7x
range as stated in Morningstar DBRS' previous press release dated
September 6, 2024.

CREDIT RATING RATIONALE

The credit ratings continue to be supported by Cominar's
above-average quality assets with several notable properties and
long-dated lease maturity profile with high-quality tenants. The
credit ratings are constrained by Cominar's elevated leverage, weak
geographic and property diversification, and below-average
portfolio size with limited market position.

Notes: All figures are in Canadian dollars unless otherwise noted.


COMMERCIAL OFFICE: Court Extends Use of Cash Collateral to Feb. 28
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Arizona issued a
stipulated order authorizing Commercial Office Resource
Environments, LLC's continued use of cash collateral through Feb.
28, 2025, in line with its submitted budgets.

           About Commercial Office Resource Environments

Commercial Office Resource Environments, LLC d/b/a Core, LLC is a
full-service corporate procurement & commercial furniture dealer.
It serves corporate businesses, federal government, and an array of
industries including education, healthcare, hospitality, and
non-profit.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Ariz. Case No. 24-05551) on July 10,
2024, with $100,000 to $500,000 in assets and $1 million to $10
million in liabilities. Mercedes Flores, manager, signed the
petition.

Judge Scott H. Gan presides over the case.

JoAnn Falgout, Esq. at Guidant Law, PLC represents the Debtor as
bankruptcy counsel.


COMPAC USA: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: Compac USA Inc
          FKA Compacstone USA Inc.
        1777 NW 72 Ave.
        Suite 2
        Miami, FL 33126

Business Description: Compac USA Inc. is a Florida entity
                      incorporated in 2002 to market and sell
                      Compac stone products.  The Debtor
                      specializes in obsidian, terrazzo, and
                      quartz surfaces for architecture and design.
                      The Debtor maintains showrooms in Miami,
                      Florida and New York, New York.

Chapter 11 Petition Date: December 21, 2024

Court: United States Bankruptcy Court
       Southern District of Florida

Case No.: 24-23372

Judge: Hon. Corali Lopez-Castro

Debtor's Counsel: Joseph A. Pack, Esq.
                  PACK LAW
                  51 NE 24th St., #108
                  Miami, FL 33137
                  Tel: (305) 916-4500
                  Email: joe@packlaw.com

Total Assets as of Nov. 24, 2024: $5,342,926

Total Current Liabilities  as of Nov. 24, 2024: $739,872

The petition was signed by Francisco A. Sanchis-Brines as
president.

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

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

https://www.pacermonitor.com/view/M4A7RCQ/Compac_USA_Inc__flsbke-24-23372__0001.0.pdf?mcid=tGE4TAMA


COMPLETE BEVERAGE: Unsecureds Will Get 20% over 60 Months
---------------------------------------------------------
Complete Beverage Center Inc. d/b/a 101 Liquors filed with the U.S.
Bankruptcy Court for the Southern District of Florida a Disclosure
Statement describing Plan of Reorganization dated December 10,
2024.

The Debtor was incorporated on June 14, 2013. Robert Zogby is
President and the sole shareholder.

Complete Beverage Center, Inc. operates a liquor store under the
name 101 Liquors. The Debtor leases retail space at 1401 E Sample
Road, Pompano Beach, FL 33064.

The Debtor now seeks to resolve all issues with its lenders through
its Chapter 11 Plan. The Debtor's main asset is its Beverage
Inventory. OnDeck Solutions hold a first position lien against the
Beverage Inventory that exceeds its value. A portion of the OnDeck
claim will be treated by the Debtor as unsecured.

The total value of the personal property of the Debtor as of the
date of filing its Chapter 11 Petition was estimated to be
$180,000.00, based on the book value of the existing inventory. The
Debtor's inventory is constantly being updated with new product and
sold to the Debtor’s customers. The inventory is subject to a
first position lien in favor of OnDeck Solutions.

The Debtor has served demand letters to recover preference payments
from eight creditors pursuant to Sections 547 and 550 of the
Bankruptcy Code. The proceeds of those recovery efforts will be
utilized to fund the Plan.

The remaining payments required under the Plan will be made from
the Debtor's business operations. The reduction of the monthly
prepetition payments to MCA lenders, plus the recovery of
preference payments, will free up funds and will allow the Debtor
to make the ongoing payments required under the Plan.

At the time of filing this case the Debtor was involved in a number
of collection efforts by MCA lenders as well as a dispute with the
Florida Department of Revenue. The bankruptcy petition was filed to
prevent further ACH withdrawals of funds from its operating account
by MCA lenders. The Debtor filed for protection under Chapter 11 on
June 20, 2024.

Class 5 consists of General Unsecured Creditors. All unsecured
claims allowed under Section 502 of the Code, including the claims
of Funding Metrics, Capital One, Headway Capital and Fox Funding,
to the extent allowed, will be paid 20% of the allowed claim in 60
equal monthly payments with no interest beginning 30 days after the
effective date of the Plan as defined in Article VII, or the date
on which such claim is allowed by a final non-appealable order.
This Class is impaired.

Class 6 consists of Equity Security Holders of the Debtor. The
shareholders of the Debtor shall retain their interests in the
property of the estate.

The Plan will be funded by the proceeds of Debtor's Preference
recovery efforts and the operations of the Debtor. The Plan of
Reorganization is deemed by the Debtor to be feasible.

A full-text copy of the Disclosure Statement dated December 10,
2024 is available at https://urlcurt.com/u?l=X9f5TI from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     David W. Langley, Esq.
     8551 W. Sunrise Boulevard, Suite 303
     Plantation, FL 33322
     Tel: (954) 356-0450
     Fax: (954) 356-0451
     Email: dave@flalawyer.com

                 About Complete Beverage Center

Complete Beverage Center Inc. operates a liquor store under the
name 101 Liquors.

The Debtor filed its voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 24-16099) on June
20, 2024, listing $100,001 to $500,000 in assets and up to $50,000
in liabilities.

Judge Scott M. Grossman oversees the case.

The Debtor tapped David W. Langley, Esq., as counsel and Brevda
CPA, PA as accountant.


CONSTANT CONTACT: $300MM Bank Debt Trades at 16% Discount
---------------------------------------------------------
Participations in a syndicated loan under which Constant Contact
Inc is a borrower were trading in the secondary market around 83.8
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $300 million Term loan facility is scheduled to mature on
February 12, 2029. About $250 million of the loan has been drawn
and outstanding.

Constant Contact, Inc. operates as a marketing company. The Company
provides e-mail marketing services as well as conducts social media
campaigns, managing digital storefronts, and creating online
surveys for businesses, associations, and organizations to help
them to connect with their customers and members.


CONTAINER STORE: $200MM Bank Debt Trades at 34% Discount
--------------------------------------------------------
Participations in a syndicated loan under which Container Store
Inc/The is a borrower were trading in the secondary market around
66.2 cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $200 million Term loan facility is scheduled to mature on
January 30, 2026. About $162.5 million of the loan has been drawn
and outstanding.

The Container Store, Inc., is a retailer of storage and
organization products in the US and Europe. The company operates in
the US through its 100 specialty retail stores and website, and in
Europe through its wholly owned Swedish subsidiary, Elfa
International AB (Elfa).


CONTAINER STORE: Files for Chapter 11, Secures $40M Financing
-------------------------------------------------------------
The Container Store Group, Inc., the nation's leading retailer of
organizing solutions, custom spaces, and in-home services,
announced on December 22, 2024, that it will implement a
recapitalization transaction to bolster its financial position,
fuel growth initiatives, and drive enhanced long-term
profitability. To effectuate the transaction, The Container Store
and certain of its subsidiaries filed for voluntary protection
under Chapter 11 of the U.S. Bankruptcy Code in the United States
Bankruptcy Court for the Southern District of Texas on December 22,
2024.

Throughout this process, the Company will operate its business as
usual and will continue to provide high-quality products and
in-home services to its customers without disruption. The Company's
stores and website will continue to operate as normal; all customer
deposits and orders will be honored and delivered as normal.

At least 90% of the Company's Term Loan Lenders have entered into a
transaction support agreement, pledging their support for the
in-court recapitalization which, among other things, will provide
the Company with:

     (i) $40 million of new money financing,
    (ii) at least $45 million of deleveraging,
   (iii) substantial debt service relief, and
    (iv) material maturity runway.

In addition, the Company has modified its asset-backed lending
facility to add $40 million in upsized capacity. The
recapitalization will substantially strengthen the Company's
balance sheet and liquidity position to enable The Container Store
to continue meeting its commitments to its partners, vendors, and
stakeholders without disruption. Pursuant to the transaction
support agreement, the Company has negotiated and solicited support
for a pre-packaged plan of reorganization and expects to confirm
the plan of reorganization within the next 35 days.

"The Container Store is here to stay. Our strategy is sound, and we
believe the steps we are taking today will allow us to continue to
advance our business, deepen customer relationships, expand our
reach, and strengthen our capabilities," said Satish Malhotra,
Chief Executive Officer and President of The Container Store. "We
are particularly excited about the future of our custom space
offerings, which continue to demonstrate strength. I want to thank
our incredibly talented employees for their continued dedication,
our customers, partners, and vendors for their support, and our
lenders who clearly see the strong potential in our business. We
intend to maintain our strong workforce and remain committed to
delivering an exceptional experience for our customers while we
execute this recapitalization and for many years to come."

The Company has filed a motion with the Bankruptcy Court that will
allow it to make timely payments to vendors, suppliers, and other
trade creditors in full under normal terms for goods and services
delivered both before and after the filing. Therefore, outside of
its Term Loan Lenders, the Company's other creditors (including its
vendor and trade partners) will be unimpaired as part of the
transaction. The Container Store will emerge as a private company,
under the ownership of its Term Loan Lenders, with a healthy
financial profile primed to drive long-term growth.

The Chapter 11 process does not include the Company's Elfa business
in Sweden, which continues to operate as usual.

The Container Store has created a dedicated website for
stakeholders to get information about the Chapter 11 case at
www.futureforcontainerstore.com.

Additional information on the Company's Chapter 11 case can be
found at www.veritaglobal.net/thecontainerstore or contact Verita,
the Company's noticing and claims agent, at (888) 251-3046 (for
toll-free U.S. and Canada calls) or (310) 751-2615 (for tolled
international calls).

The Container Store is advised in this matter by Latham & Watkins
LLP as legal counsel, Houlihan Lokey as investment banker, FTI
Consulting as financial and communications advisor, and A&G Realty
as real estate advisor. The ad hoc group of the Company's Term Loan
Lenders are advised in this matter by Paul Hastings LLP, Greenhill
& Co. as investment banker, and AlixPartners as financial advisor.

       About The Container Store Group Inc.

The Container Store Group, Inc. is a holding company, of which a
majority stake was purchased by Leonard Green and Pa that operates
a specialty retail chain company that operates "The Container
Store," which offers storage and organization products, and custom
closets.


COREPOWER YOGA: $175MM Bank Debt Trades at 18% Discount
-------------------------------------------------------
Participations in a syndicated loan under which CorePower Yoga LLC
is a borrower were trading in the secondary market around 82.3
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $175 million Term loan facility is scheduled to mature on May
14, 2025. The amount is fully drawn and outstanding.

Based in Denver, Colorado, CorePower Yoga is a yoga studio chain
with over 200 studios.



CREDIT LENDING: Court Extends Use of Cash Collateral Until Jan. 14
------------------------------------------------------------------
Credit Lending Services, Inc. received interim approval from the
U.S. Bankruptcy Court for the Central District of California to use
the cash collateral of The Park National Bank until Jan. 14 next
year.

The use of cash collateral is limited to necessary expenses
outlined in the court-approved budget.

To protect PNB's interests, the court granted the secured creditor
a continuing non-avoidable replacement security interest in Credit
Lending Services' accounts receivable. In addition, the court
required the company to make monthly interest payments of $47,000
to PNB.

The next hearing is set for Jan. 14.

                   About Credit Lending Services

Credit Lending Services, Inc. is a provider of auto loans in
California specializing in the purchase and servicing of auto loans
through its network of automobile dealers who have non-prime
customers purchasing new and used vehicles.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Calif. Case No. 24-12182) on March 21,
2024, with $9,008,914 in assets and $10,521,125 in liabilities.
Chad Spindler, shareholder, signed the petition.

Judge Julia W. Brand presides over the case.

Tamar Terzian, Esq., at Hanson Bridgett, LLP, is the Debtor's legal
counsel.


CRICKET AUTOMOTIVE: Seeks to Tap Stevens Martin Vaughn as Counsel
-----------------------------------------------------------------
Cricket Automotive Center LLC 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 $15,000.

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

William Janvier, 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:

     William P. Janvier, Esq.
     Stevens Martin Vaughn & Tadych, PLLC
     2225 W. Millbrook Road,
     Raleigh, NC 27612
     Telephone: (919) 582-2300
     Email: wjanvier@smvt.com

          About Cricket Automotive Center

Cricket Automotive Center LLC sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 24-04172-5) on
December 2, 2024, with $100,001 to $500,000 in assets and $500,001
to $1 million in liabilities.

Judge David M. Warren presides over the case.

William P. Janvier, Esq. at Stevens Martin Vaughn & Tadych, PLLC
represents the Debtor as legal counsel.


CROWNCO INC: Seeks to Hire Fireplace Financial as Accountant
------------------------------------------------------------
Crownco, Inc. seeks approval from the U.S. Bankruptcy Court for the
Central District of California to employ Fireplace Financial, Inc.,
dba Accurate Accounting as accountant.

The firm will render these services:

     a. compile an annual statement of assets, liabilities and
equity -- income tax basis;

     b. compile an annual statement of revenue and expenses --
income tax basis;

     c. prepare federal and state income tax returns for each tax
year; and

     d. prepare the Debtor's Monthly Operating Reports; and

     e. any other financial reports or services.

The firm charges $285 per hour for Certified Public Accountant
work, and $85per hour for accounting staff work. Fees for preparing
and electronically filing federal and state annual income tax
returns is between $3,600 and $4,200.

Nalin Bhatt, CPA, CEO of Fireplace Financial, Inc., dba Accurate
Accounting, assured the court that his firm is a disinterested
person within the meaning of 11 U.S.C. Sec. 101(14).

The firm can be reached through:

     Nalin M Bhatt CPA, EA
     Fireplace Financial, Inc.
     dba Accurate Accounting
     29574 Hazel Glen Rd
     Murrieta, CA 92563.
     Emai: nalin@accuacct.com
     Tel: (951) 234-5175
     Tel: (951) 249-7545
     Fax: (951) 251-1171

           About Crownco Inc.

Crownco Inc. provides construction solutions for the building
community, including production services, warranty services or
SB800 repair services. The Company has developed innovative systems
that ensure every job is completed in the utmost time efficient
manner with the highest level of precision and service.

Crownco Inc. sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. C.D. Cal. Case No. 24-16205) on Oct. 16, 2024. In the
petition filed by Charles E. Morrison, chief executive officer, the

Debtor reports total assets of $896,358 and total liabilities of
$5,175,883.

Judge Scott M. Grossman oversees the cases.

Goe Forsythe & Hodges LLP serves as the Debtor's counsel.


CRYPTO COMPANY: Secures $36,500 Loan With AJB Capital Investments
-----------------------------------------------------------------
The Crypto Company disclosed in a Form 8-K Report filed with the
U.S. Securities and Exchange Commission that it borrowed funds
pursuant to the terms of a Securities Purchase Agreement entered
into with AJB Capital Investments, LLC, and issued a Promissory
Note in the principal amount of $36,500 to AJB in a private
transaction for a purchase price of $32,850, each fully executed on
December 19, 2024.

In connection with the sale of the AJB Note, the Company also paid
certain fees and expenses of AJB. After payment of the fees and
expenses, the net proceeds to the Company were $27,850, which will
be used for working capital, to fund potential acquisitions or
other forms of strategic relationships, and other general corporate
purposes.

The maturity date of the AJB Note is June 4, 2025. The AJB Note
bears interest at a rate of 12% per calendar year from the date of
issuance. The interest shall accrue on a monthly basis and is
payable on the maturity date or upon acceleration or by prepayment
or otherwise. The Company may prepay the AJB Note at any time
without penalty. Under the terms of the AJB Note, the Company may
not issue additional debt that is not subordinate to AJB, must
comply with the Company's reporting requirements under the
Securities Exchange Act of 1934, and must maintain the listing of
the Company's common stock on the OTC Market or other exchange,
among other restrictions and requirements. The Company's failure to
make required payments under the AJB Note or to comply with any of
these covenants, among other matters, would constitute an event of
default. Upon an event of default under the AJB SPA or AJB Note,
the AJB Note will bear interest at the lesser of 18% per annum or
the maximum amount permitted under law, AJB may immediately
accelerate the AJB Note due date, AJB may convert the amount
outstanding under the AJB Note into shares of Company common stock
at a discount to the market price of the stock, and AJB will be
entitled to its costs of collection, among other penalties and
remedies.

The Company provided various representations, warranties, and
covenants to AJB in the AJB SPA. The Company's breach of any
representation or warranty, or failure to comply with the covenants
would constitute an event of default.

The Company also entered into a Security Agreement with AJB
pursuant to which the Company granted to AJB a security interest in
all of the Company's assets to secure the Company's obligations
under the AJB SPA and AJB Note.

The offer and sale of the AJB Note was made in a private
transaction exempt from the registration requirements of the
Securities Act of 1933, as amended, in reliance on exemptions
afforded by Section 4(a)(2) of the Securities Act and Rule 506(b)
of Regulation D promulgated thereunder.


                     About Crypto Company

Malibu, Calif.-based The Crypto Company --
https://www.thecryptocompany.com -- is engaged in the business of
providing consulting services and education for blockchain
technology and for the building of technological infrastructure and
enterprise blockchain technology solutions. During 2023, the
Company generated revenues and incurred expenses solely through
these consulting operations. In February 2022, the Company acquired
bitcoin mining equipment and entered into an arrangement with a
third party to host and operate the equipment. However, by the end
of 2022, the Company had exited that Bitcoin mining business.

Crypto Company reported a net loss of $4.92 million for the year
ended December 31, 2023, compared to a net loss of $5.66 million
for the year ended December 31, 2022. As of June 30, 2024, Crypto
Company had $1,293,153 in total assets, $5,939,990 in total
liabilities, and $4,646,837 in total stockholders' deficit.

Lakewood, Colorado-based BF Borgers CPA PC, the Company's former
auditor, issued a "going concern" qualification in its report dated
April 16, 2024, citing that the Company has suffered recurring
losses from operations that raise substantial doubt about its
ability to continue as a going concern.

On May 8, 2024, the Audit Committee of the Board of Directors of
the Company approved the dismissal of BF Borgers CPA PC as the
Company's independent registered public accounting firm after the
firm and its owner, Benjamin F. Borgers, were charged by the
Securities and Exchange Commission with deliberate and systemic
failures to comply with Public Company Accounting Oversight Board
(PCAOB) standards in its audits and reviews incorporated in more
than 1,500 SEC filings from January 2021 through June 2023; falsely
representing to their clients that the firm's work would comply
with PCAOB standards; fabricating audit documentation to make it
appear that the firm's work did comply with PCAOB standards; and
falsely stating in audit reports included in more than 500 public
company SEC filings that the firm's audits complied with PCAOB
standards. Borgers agreed to pay a $14 million civil penalty and
agreed to permanent suspensions from appearing and practicing
before the Commission as accountants, effective immediately.

On May 8, 2024, the Company engaged Bush & Associates CPA LLC as BF
Borgers' replacement. The decision to change independent registered
public accounting firms was made with the recommendation and
approval of the Audit Committee of the Company.


CTF CHICAGO: Gets OK to Hire Joseph and Associates as Accountant
----------------------------------------------------------------
CTF Chicago, Inc. received approval from the U.S. Bankruptcy Court
for the Northern District of Illinois to hire Joseph and Associates
as accountants.

The firm will assist the Debtor in preparation of State and Federal
tax returns, financial reports, budget forecasts, and monthly
operating reports.

The firm will charge $1,500 per month for its services.

As disclosed in the court filings, Joseph and Associates is a
"disinterested person" within the meaning of 11 U.S.C. Sec.
101(14).

The firm can be reached through:

     Diomina Giralamo-Wright, CPA
     Joseph and Associates
     751 Pinnacle Drive #600
     McLean, VA 22102
     Phone: (703) 594-6478
     Email: info@josassoc.com

          About CTF Chicago

CTF Chicago, Inc. operates within a framework that requires
substantial capital and resources. The company is structured to
provide specific services or products, likely in a competitive
market, given its presence in Chicago.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ill. Case No. 24-15580) with up to
$50,000 in assets and up to $10 million in liabilities. Charles
Graff, managing member, signed the petition.

Judge Janet S. Baer oversees the case.

The Debtor is represented by Richard G. Larsen, Esq., at Springer
Larsen, LLC.


CUSTOM HOLDINGS: Hires Stroud Ross & Associates as Accountant
-------------------------------------------------------------
Custom Holdings, Inc. filed an amended application seeking approval
from the U.S. Bankruptcy Court for the Southern District of West
Virginia to employ Stroud Ross & Associates, CPAs, as its CPA.

The firm will be paid:

     a. a fee of $150 per hour for tax preparation;

     b. a fee of $100 per hour for bookkeeping services;

     c. a fee of $150 per hour for preparation of monthly operating
reports;

     d. a fee of $150 per hour for preparation of financial
statements.

Stroud Ross & Associates, CPAs, represents no interest adverse to
the debtor-in-possession or the estate in the matters upon which is
has been engaged.

The firm can be reached through:

     Stroud Ross & Associates, CPAs
     339 Rural Acres Drive
     Beckley, WV 25801
     Phone: (304) 252-8707

         About Custom Holdings, Inc.

Custom Holdings Inc. is primarily engaged in renting and leasing
real estate properties.

Custom Holdings Inc. sought relief under Subchapter V of Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Va. Case No. 24-50077) on
October 17, 2024. In the petition filed by Brent Moye, as
president, the Debtor reports total assets of $1,449,570 and total
liabilities of $1,310,524.

The Honorable Bankruptcy Judge B Mckay Mignault handles the case.

The Debtor is represented by Paul W. Roop, II, Esq. at ROOP LAW
OFFICE, LC.


D DUNCAN FLORISTRY: Gets Interim OK to Use Cash Collateral
----------------------------------------------------------
D Duncan Floristry and Boutique, LLC received interim approval from
the U.S. Bankruptcy Court for the Eastern District of Missouri,
Southeastern Division, to use cash collateral.

The company requires the use of cash collateral to pay its regular
daily expenses, including wages, utilities, and other costs of
doing business.

D Duncan is indebted to First State Community Bank in the
approximate amount of $817,000 and $80,000. FSCB appears to have a
valid security interest in the company's inventory, furniture and
equipment.

Additionally, through review of UCC records and D Duncan's records,
it appears that the company is indebted to Square Financial in the
amount of $19,000; Forward Finance, $34,831; Fundbox, $25,000;
Rapid Finance, $61,000; and Reliant Funding, $90,000. All of these
balances are disputed except for Square, which has a valid security
interest in the cash collateral. The other creditors claim a
security interest in the company's future receipts which appears to
be cut off by Section 552 of the Bankruptcy Code.

The next hearing is set for Jan. 6.

           About D Duncan Floristry and Boutique

D Duncan Floristry and Boutique, LLC creates floral designs for
weddings, anniversaries, funerals and birthdays.

D Duncan sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. E.D. Mo. Case No. 24-10677) on December 12, 2024, with
$1,098,900 in assets and $1,461,129 in liabilities. Dustin Duncan,
company owner, signed the petition.

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


DCS JANITORIAL: Unsecured Creditors Will Get 15% of Claims in Plan
------------------------------------------------------------------
DCS Janitorial, LLC d/b/a Dallas Cleaning Services submitted a
Second Ame3nded Plan of Reorganization for Small Business under
Subchapter V.

The Debtor shows that it will have enough cash over the life of the
Plan to make the required Plan payments and operate the debtor's
business. Therefore, the Plan is feasible.

The final Plan payment is expected to be paid in 2030.

This Plan of Reorganization proposes to pay creditors of the
Debtor from cash flow operations.

The Small Business Administration (SBA), the IRS, the Commonwealth
of PA Dept. of Revenue and the City of Philadelphia are the secured
and creditors. The Debtor has or will file a motion to strip the
SBA lien to the value of the Debtor's assets. The IRS, the
Commonwealth of PA Dept. of Revenue and the City of Philadelphia
also have priority claims being paid in full.

Non-priority unsecured creditors holding allowed claims will
receive distributions, which the proponent of this Plan has valued
at approximately 15%. This Plan also provides for the full payment
of administrative and priority claims.

Class 3 consists of non-priority unsecured creditors. All unsecured
claims to be paid monthly at .015 cents on the dollar. This Class
is impaired.

The Debtor will fund the Plan from the income from its regular
business operations.

A full-text copy of the Second Amended Plan dated December 9, 2024
is available at https://urlcurt.com/u?l=vz3dSu from
PacerMonitor.com at no charge.

Attorney for the Debtor:

     Maggie S. Soboleski, Esq.
     Center City Law Offices, LLC
     2705 Bainbridge Street
     Philadelphia, PA 19107
     Tel: (215) 620-2132
     Email: msoboles@yahoo.com

                   About DCS Janitorial, LLC
                 d/b/a Dallas Cleaning Services

DCS Janitorial, LLC a/k/a Dallas Cleaning Services, is a
Pennsylvania corporation in the business of commercial janitorial
cleaning in the Delaware Valley to both commercial and construction
properties.

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. E.D. Pa.
Case No. 24-12012) on June 12, 2024, disclosing under $1 million in
both assets and liabilities. The Debtor is represented by CENTER
CITY LAW OFFICES, LLC.


DENTISTRY BY DESIGN: Hires Avrum J. Rosen as Bankruptcy Counsel
---------------------------------------------------------------
Dentistry by Design P.C. seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to hire The Law Offices
of Avrum J. Rosen PLLC as counsel.

The firm will render these services:

     (a) analysis of the financial situation, and rendering advice
and assistance to the Debtor in determining whether to file a
petition under the Bankruptcy Code;

     (b) preparation and filing of the petition, schedules,
statement of financial affairs and other documents required by the
Court;

     (c) representation of the Debtor at the meeting of creditors;

     (d) preparation of motions, documents and applications in
connection with the case; and

     (e) provision of legal advice to the Debtor in connection with
all matters pending before the Court.

The firm received a retainer in the amount of $25,000, plus
bankruptcy filing fee in the amount of $1,738.

Avrum Rosen, Esq., 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:

     Avrum J. Rosen, Esq.
     Law Offices of Avrum J. Rosen PLLC
     38 New Street
     Huntington, NY 11743
     Telephone: (631) 423-8527

            About Dentistry by Design

Dentistry by Design P.C., formerly known as Walt Whiman Family
Dental P.C., offers a comprehensive array of cosmetic, general, and
preventative dental procedures.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 24-74271) on November 8,
2024, with $45,036 in assets and $2,022,966 in liabilities. Dr.
Joseph Ayoub, owner and president, signed the petition.

Judge Louis A. Scarcella presides over the case.

Alex E. Tsionis, Esq., at the Law Offices of Avrum J. Rosen, PLLC
represents the Debtor as bankruptcy counsel.


DICK'S AUTOMOTIVE: Hires Binder Malter as Reorganization Counsel
----------------------------------------------------------------
Dick's Automotive Transport, Inc. received approval from the U.S.
Bankruptcy Court for the Northern District of California to hire
Binder Malter Harris & Rome-Banks LLP as general reorganization
counsel.

The firm will render these services:

     (a) assist the Debtor in protecting and preserving the
interests of secured and unsecured creditors, maximizing the value
of estate property, and administering that property throughout the
case;

     (b) advise the Debtor of its powers and responsibilities under
the Bankruptcy Code;

     (c) advise the Debtor generally as general bankruptcy counsel;


     (d) develop, through discussion with parties in interest,
legal positions and strategies with respect to all facets of this
case, including analyzing administrative and operational issues;

     (e) prepare motions, applications, answers, orders, memoranda,
reports, and papers in connection with representing the interests
of the Debtor;

     (f) participate in the resolution of issues related to a plan
of reorganization and the development, approval and implementation
of such plan; and

     (g) render such other necessary advice and services that the
Debtor may require in connection with this case.

Prior to the petition date, the firm received a retainer of $70,000
from the Debtors.

Robert Harris, Esq., an attorney at Binder Malter Harris &
Rome-Banks, 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:

     Robert G. Harris, Esq.
     Binder Malter Harris & Rome-Banks LLP
     2775 Park Avenue
     Santa Clara, CA 95050
     Telephone: (408) 295-1700
     Email: rob@bindermalter.com

        About Dick's Automotive Transport

Dick's Automotive Transport, Inc. sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No.
24-51752) on Nov. 18, 2024, with $1 million to $10 million in both
assets and liabilities.

Judge M Elaine Hammond oversees the case.

The Debtor is represented by Robert G. Harris, Esq., at the Law
Offices of Binder and Malter.


DT BUILDERS: Seeks to Hire YVS Law LLC as Bankruptcy Counsel
------------------------------------------------------------
DT Builders LLC seeks approval from the U.S. Bankruptcy Court for
the Eastern District of Virginia to hire YVS Law, LLC as bankruptcy
counsel.

The firm's services include:
  
     (a) advising the Debtor of its rights, powers and duties;

     (b) advising the Debtor concerning, and assisting in the
negotiation and documentation of, financing agreements, debt
restructurings, cash collateral arrangements and related
transactions;

     (c) representing the Debtor in defense of any proceedings
instituted to reclaim property or to obtain relief from the
automatic stay under Section 362(a) of the Bankruptcy Code;

     (d) representing the Debtor in any proceedings instituted with
respect to the Debtor's use of cash collateral;

     (e) reviewing the nature and validity of liens asserted
against the property of the Debtor and advising the Debtor
concerning the enforceability of such liens;

      (f) advising the Debtor concerning the actions that it might
take to collect and to recover property for the benefit of its
estate;

      (g) preparing legal documents and reviewing financial
reports;

      (h) advising the Debtor concerning, and preparing responses
to, legal papers that may be filed and served in its Chapter 11
case;

      (i) counseling the Debtor in connection with the formulation,
negotiation and promulgation of a plan of reorganization or
liquidation and related documents; and

      (j) providing other legal services.

The firm will charge these hourly fees:

     Members                   $485 to $595 per hour
     Counsel/Senior Counsel    $395 to $595 per hour
     Associates                $285 to $350 per hour
     Paralegals                $200 to $270 per hour
     Law Clerks                $150 to $260 per hour

Prior to filing of the Chapter 11 case, the firm received the
amount of $18,436.

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

Jonathan Grasso, Esq., the firm's attorney who will be providing
the services, disclosed in a court filing that he is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached through:

     Jonathan A. Grasso, Esq.
     YVS LAW, LLC
     185 Admiral Cochrane Drive, Suite 130
     Annapolis, MD 21401
     Tel: (443) 569-0788
     Fax: (410) 571-2798
     E-mail: jgrasso@yvslaw.com

        About DT Builders LLC

DT Builders LLC is a limited liability company.

DT Builders LLC sought relief under Subchapter V of Chapter 11 of
the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 24-72517) on
November 25, 2024. In the petition filed by Laushaun Robinson, as
co-managing member, the Debtor reports estimated assets and
liabilities between $1 million and $10 million each.

The Debtor is represented by Jonathan A. Grasso, Esq. at YVS LAW,
LLC.


ECO PRESERVATION: Hires Jim Pino & Associates as Special Counsel
----------------------------------------------------------------
ECO Preservation Services, L.L.C. and its affiliates seek approval
from the U.S. Bankruptcy Court for the Northern District of Alabama
to employ Jim Pino & Associates, PC as special counsel.

The firm will represent the Debtors and its attorney in the appeal
the Alabama Public Service Commission's Order dated the 26th day of
November 2024.

The firm will charge $400 per hour for its services.

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

Jim Pino, Esq., a partner at Jim Pino & Associates, disclosed in a
court filing that his firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Jim Pino, Esq.
     Jim Pino & Associates, PC
     363 Canyon Park Drive
     Pelham, AL 35214
     Tel: (205) 663-1581

        About ECO Preservation Services

ECO Preservation, LLC is a provider of water, sewage and other
systems. The company is based in Leeds, Ala.

ECO Preservation filed a petition for relief under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Ala. Case No. 22-02429) on Oct. 5,
2022. In the petition filed by its managing member, J. Michael
White, the Debtor reported between $1 million and $10 million in
both assets and liabilities.

The case is jointly administered with the Chapter 11 cases filed by
SERMA Holdings, LLC (Bankr. N.D. Ala. Case No. 22-02430) and Mr.
White (Bankr. N.D. Ala. Case No. 22-02431) on Oct. 5, 2022. SERMA
Holdings listed up to $50,000 in assets and up to $10 million in
debt.

The Debtors are represented by Harry P. Long, Esq., at The Law
Offices of Harry P. Long, LLC.


ELEVATE TEXTILES: $250MM Bank Debt Trades at 21% Discount
---------------------------------------------------------
Participations in a syndicated loan under which Elevate Textiles
Inc is a borrower were trading in the secondary market around 78.9
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $250 million Payment in kind Term loan facility is scheduled to
mature on September 30, 2027. The amount is fully drawn and
outstanding.

Elevate Textiles, Inc. manufactures and supplies textile products
worldwide.


ELITA 7 LLC: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Elita 7, LLC
          d/b/a Donna Kay Rest Home
        16 Marble Street
        Worcester, MA 01603

Business Description: The Debtor owns and operates a nursing
                      care facility.

Chapter 11 Petition Date: Decembre 20, 2024

Court: United States Bankruptcy Court
       District of Massachusetts

Case No.: 24-41303

Judge: Hon. Elizabeth D. Katz

Debtor's Counsel: John O. Desmond, Esq.
                  5 Edgell Road, Suite 30A
                  Farmingham, MA 01701
                  Tel: 508-879-9638
                  Email: attorney@jdesmond.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Steve Dashevsky as manager.

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

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

https://www.pacermonitor.com/view/ZEVN6FI/Elita_7_LLC__mabke-24-41303__0001.0.pdf?mcid=tGE4TAMA


EMPLOYBRIDGE LLC: $925MM Bank Debt Trades at 34% Discount
---------------------------------------------------------
Participations in a syndicated loan under which Employbridge LLC is
a borrower were trading in the secondary market around 65.6
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $925 million Term loan facility is scheduled to mature on July
19, 2028. The amount is fully drawn and outstanding.

Employbridge, LLC operates as an industrial staffing company. The
Company offers temporary associates in manufacturing, logistics,
warehousing, and contact centers.


EMS WAREHOUSING: Case Summary & One Unsecured Creditor
------------------------------------------------------
Debtor: EMS Warehousing and Distribution, Inc.
        210 Grove Street, Suite 100
        Franklin, MA 02038

Business Description: The Debtor is a provider of warehousing and
                      distribution services.

Chapter 11 Petition Date: December 19, 2024

Court: United States Bankruptcy Court
       District of Massachusetts

Case No.: 24-41297

Judge: Hon. Elizabeth D Katz

Debtor's Counsel: David B. Madoff, Esq.
                  MADOFF & KHOURY LLP
                  124 Washington Street, Suite 202
                  Foxborough, MA 02035
                  Tel: 508-543-0040
                  Fax: 508-543-0020
                  E-mail: alston@mandkllp.com
             
Total Assets: $398,092

Estimated Liabilities: $1,200,251

The petition was signed by Wayne Edwards as president.

The Debtor listed Dowe Realty II, LLC c/o Home Market Foods
140 Morgan Drive, Norwood, MA 02062 as its sole unsecured creditor
holding a claim of $1,200,251.

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

https://www.pacermonitor.com/view/2F76DAI/EMS_Warehousing_and_Distribution__mabke-24-41297__0001.0.pdf?mcid=tGE4TAMA


ENC PARENT: $190MM Bank Debt Trades at 44% Discount
---------------------------------------------------
Participations in a syndicated loan under which ENC Parent Corp is
a borrower were trading in the secondary market around 56.1
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $190 million Term loan facility is scheduled to mature on
August 19, 2029.  

ENC Parent Corporation (dba Evans Network of Companies or Evans
Delivery) is an asset-light agent-based provider of services to
operators in the intermodal drayage, truckload, and freight
brokerage markets of the logistics industry. Services provided
include national and regional sales support to agents via a number
of back-office support functions including but not limited to
accounts receivable management, payment processing, insurance, and
compliance. ENC will be owned by PE firm Court Square Capital
Partners.



ENVIROSCENT INC: Seeks to Hire Jones and Walden as Counsel
----------------------------------------------------------
Enviroscent, Inc. seeks approval from the U.S. Bankruptcy Court for
the Northern District of Georgia to hire Jones and Walden LLC as
counsel.

The firm's services include:

     a. prepare pleadings and applications;

     b. conduct of examination;

     c. advise the Debtor of its rights, duties and obligations as
a debtor-in-possession;

     d. consult with the Debtor and representing the Debtor with
respect to a Chapter 11 plan;

     e. perform those legal services incidental and necessary to
the day-to-day operations of the Debtor's business; and

     f. take any and all other action incident to the proper
preservation and administration of the Debtor's estate and
business.

Jones & Walden will be paid at these rates:

     Attorney                      $300 to $475 per hour
     Paralegals and law clerks     $110 to $200 per hour

As of the petition date, the firm holds a retainer of $13,000.

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

Cameron M. McCord, Esq., a partner at Jones & Walden LLC, disclosed
in a court filing that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Cameron M. McCord, Esq.
     Jones & Walden LLC
     699 Piedmont Ave. NE
     Atlanta, GA 30308
     Tel: (404) 564-9300
     Email: cmccord@joneswalden.com

         About Enviroscent, Inc.

Enviroscent, Inc. sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No. 24-62804) on December 3,
2024. In the petition signed by Kevin Coen, chief executive
officer, the Debtor disclosed up to $50 million in assets and up to
$10 million in liabilities.

Judge Jeffery W. Cavender oversees the case.

Cameron M. McCord, Esq., at Jones and Walden LLC, represents the
Debtor as legal counsel.


EOS US FINCO: $534.7MM Bank Debt Trades at 32% Discount
-------------------------------------------------------
Participations in a syndicated loan under which EOS US Finco LLC is
a borrower were trading in the secondary market around 68
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $534.7 million Term loan facility is scheduled to mature on
October 9, 2029. The amount is fully drawn and outstanding.

EOS US Finco LLC is a hardware technology company based in the
United States.


EPIC Y-GRADE: Moody's Alters Outlook on 'B3' CFR to Positive
------------------------------------------------------------
Moody's Ratings affirmed EPIC Y-Grade Services, LP's Corporate
Family Rating at B3, Probability of Default Rating at B3-PD and
revised the outlook to positive from stable. Concurrently, Moody's
affirmed EPIC Y-Grade's backed senior secured super priority
revolving credit facility rating at Ba3 and its backed senior
secured 1st lien term loan B rating at B3.    

"The positive outlook reflects Moody's expectation of further
reduction in leverage in 2025 and into 2026 driven by capacity
additions and supportive demand for transport and fractionation as
result of growing production in the Permian basin," commented
Giancarlo Rubio, a Moody's Ratings senior analyst.

RATINGS RATIONALE

EPIC Y-Grade's positive outlook reflects projected lower leverage
driven by higher EBITDA and expected usage of cash flow to fund
planned capacity additions. The B3 CFR incorporates the company's
relative small scale, exposure to volume risk and limited track
record operating with low leverage. Demand for transport and
fractionation of natural gas liquids ("NGLs) depend on multiple
factors such as production volumes in the Permian and availability
of alternative infrastructure.

EPIC's Segment A pipeline (which runs from Benedum to Gardendale)
expansion of 50Mbpd is expected to be online in Q1 2025. After this
increase, the company's total transportation capacity from the
Permian will be around 225 Mbpd. The company is expected to
increase pipeline capacity again in 2027.  The company has no
immediate plans to increase its owned fractionation capacity (170
Mbpd).    

The company is operating at capacity and is expected remain full
through 2025, despite the lease with BANGL rolling off in the same
period.  EPIC Y-Grade will use the capacity released by BANGL to
provide transport services from Corpus Christi to Sweeny.  Volume
risk is partly mitigated by the supportive fundamentals for
production in the Permian; the company has recently connected with
newly developed processing plants with total capacity of 580
MMcf/d.  The company believes that 975MMcf/d of Delaware processing
capacity will be added in the Permian in 2025.  Volume risk is also
mitigated since producers use multiple pipelines to reduce
operational risk.

Moody's expect EPIC Y-Grade to maintain good liquidity through
2025, supported by cash on the balance sheet ($78mm at September
30, 2024), positive free cash flow generation and its $70 million
super-priority revolver. Financial covenants include a minimum debt
service coverage ratio (DSCR) of 1.1x for both the revolver and
term loan, and a maximum super-priority leverage ratio of 1x for
the revolver. When the DSCR covenant is tested, the company can
choose to annualize quarterly EBITDA. Moody's expects the company
to maintain compliance with these covenants.

The super-priority position of EPIC Y-Grade's senior secured
revolver due 2029 and its small size relative to the term loan
result in the facility being rated Ba3. EPIC Crude's senior secured
Term Loan B due 2029 is rated B3, the same as the CFR, since it
comprises the preponderance of debt.

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

Factors that could lead to an upgrade include debt/EBITDA below
5.5x, increased interest coverage, continued successful project
execution and volume growth, strong contracts supporting expansion
projects, and consistent positive free cash flow generation.

Factors that could lead to a downgrade include weaker than
anticipated financial performance and free cash flow, debt/EBITDA
maintained above 6.5x, EBITDA / interest is not sustained above
1.3x, weakening liquidity, or rising leverage due to growth capital
projects.

EPIC Y-Grade Services, LP (a subsidiary of EPIC Y-Grade, LP) is a
privately owned midstream energy business with NGL pipelines
running from the Permian Basin to Corpus Christi, Texas. The
company is majority-owned by affiliates of Ares Management
Corporation with ownership stakes also held by Chevron Corporation
(Aa2 stable), and an investor group led by FS Investments.

The principal methodology used in these ratings was Midstream
Energy published in February 2022.


EXPERTUS HEALTH: Property Sale Proceeds to Fund Plan
----------------------------------------------------
Expertus Health, LLC filed with the U.S. Bankruptcy Court for the
Western District of Tennessee a Disclosure Statement describing
Plan of Reorganization dated December 10, 2024.

The Debtor acquired the hospital facility in Linden, Tennessee
commonly referred to as Perry Community Hospital. Disputes have
arisen as to the effective date of this acquisition.

The Debtor contends that the acquisition was completed in March
2020. However, a deed was not recorded contemporaneously with the
March 2020 closing. A deed was later recorded in December 2021.
There is an adversary proceeding pending under case number 24 05010
to clarify ownership of the Debtor's real property and the chain of
title.

During the two years prior to the date on which the bankruptcy
petition was filed the Debtor was managed by Jason Weil. Mr. Weil
has continued to manage the Debtor's operations during the course
of the Chapter 11 bankruptcy, and he will continue to manage after
the effective date of the order confirming the plan.

The Chancery Court of Perry County ordered the Perry County Clerk &
Master to sell the Debtor's property in the case of Lawrenceburg
Glass, Inc et al v. Perry Community Hospital, LLC et al Docket #
5302. The Clerk & Master published a Notice of Sale of Real Estate
to sell the property on January 3, 2024. The Debtor filed the
instant chapter 11 case to prevent its real property from being
sold by at the Clerk & Master's auction.

Class 3 consists of General Unsecured Claims. This Class is
impaired.

     * Class 3-a Butler Snow LLP. No claim filed. Allowed unsecured
claim of $10,714.15. To be paid in full on the thirtieth day
following entry of the th order confirming plan.

     * Class 3-b United States Trustee [Claim 6]. Allowed unsecured
claim of $250.00. To be paid in full on the thirtieth day th
following entry of the order confirming plan.

Equity Interest Holder Jason Weil shall retain his ownership.

Payments and distributions under the Plan will be funded by the
proceeds obtained from the sale of real property to Braden Health,
LLC pursuant to a Motion to Sell Free and Clear of Liens pursuant
to Section 363 of the Bankruptcy Code.

A full-text copy of the Disclosure Statement dated December 10,
2024 is available at https://urlcurt.com/u?l=oMBTEy from
PacerMonitor.com at no charge.

Expertus Health, LLC is represented by:

     C. Jerome Teel, Jr., Esq.
     Teel & Gay, PLC
     425 E. Baltimore
     Jackson, TN 38301
     Telephone: (731) 424-3315
     Facsimile: (731) 424-3501

                    About Expertus Health

Expertus Health owns a commercial building & 6.8 acres located at
2718 Squirrel Hollow Dr., Linden, TN, valued at $1.74 million. The
Debtor also owns three other properties in Linden, TN valued at
$80,100.

Expertus Health, LLC in Linden, TN, filed its voluntary petition
for Chapter 11 protection (Bankr. W.D. Tenn. Case No. 23-11673) on
Dec. 20, 2023, listing $1,959,712 in assets and $678,813 in
liabilities.  Jason Weil as single member/CEO, signed the
petition.

Judge Jimmy L. Croom oversees the case.

TEEL & GAY, PLC serves as the Debtor's legal counsel.


FIRST AMERICAN: Unsecured Creditors to Split $10K in Plan
---------------------------------------------------------
First American Capital Corporation filed with the U.S. Bankruptcy
Court for the Middle District of Florida a Disclosure Statement
describing Plan of Reorganization dated December 10, 2024.

The Debtor is a Florida corporation that was formed in December
1984. The Debtor owns the real property located at 219 Pasadena
Place, Orlando, Florida 32803 (the "Office Property"). The Office
Property is approximately 1,500 square feet and is leased to Watson
Real Estate & Management, Inc.

The Debtor contends that the the Office Property has a value of
approximately $600,000.00. The Bywater Company values the Office
Property at $600,000.00, which is $400.00 per square foot. TDS
Commercial valued the Office Property in the range of $595,000.00
to $610,000.00. Both real estate brokers used sales of comparable
properties to arrive at their valuations.

The Office Property is subject to a first mortgage held by
Constitution Credit, LLC. In March 2024, Constitution Credit, LLC
filed a lawsuit in Circuit Court in Orange County, Florida seeking
to foreclose its mortgage. Constitution Credit. LLC claims that it
is owed approximately $342,000.00. The Debtor's attempts to resolve
the foreclosure action were unsuccessful. The Debtor filed this
case to to allow the Debtor to restructure its obligations with
Constitution Credit, LLC and to preserve the equity in the Office
Property.

Class 4 consists of Allowed Unsecured Claims. In full satisfaction
of the Allowed Class 4 Claims, each Holder of an Allowed Class 4
Claim shall (a) receive a pro rata share of $10,000.00, which shall
be paid in a single lump sum payment made on the later of the 15th
day of the month following the Effective Date or the 15th day of
the month after all objections to claims have been resolved, and
(b) a pro rata share of any net recovery from avoidance actions.
This Class is impaired.

Class 5 consists of Allowed Interests. Interest holders will retain
their Interests in the Debtor. The Plan does not alter the legal,
equitable or contractual rights of Interest holders.

The Debtor shall continue to exist after the Effective Date as a
corporation in accordance with the laws of the State of Florida.
The Debtor’s articles of incorporation and the bylaws shall be
amended as necessary to satisfy the provisions of the Plan and
Code.

The Debtor is currently leasing the Property to Watson Real Estate
& Management, Inc. ("Watson REM") on a month-to-month basis. The
Debtor and Waston REM shall enter into a lease agreement for 5 a
year term. The lease agreement shall provide for Watson REM to pay
the Debtor monthly rent in an amount not less than the monthly
payments due to the holders of the Allowed Class 1 and Class 2
claims, plus Watson REM shall pay all expenses associated with the
Property, including property taxes, insurance, utilities and all
maintenance.

A full-text copy of the Disclosure Statement dated December 10,
2024 is available at https://urlcurt.com/u?l=Qm73YI from
PacerMonitor.com at no charge.

            About First American Capital Corporation

First American Capital Corporation is a Single Asset Real Estate
(as defined in 11 U.S.C. Sec. 101(51B)).

First American Capital Corporation sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-05372) on
Oct. 2, 2024. In the petition filed by Barry Watson, as president,
the Debtor estimated assets between $500,000 and $1 million and
estimated liabilities between $1 million and $10 million.

The Honorable Bankruptcy Judge Tiffany P. Geyer handles the case.

The Debtor is represented by:

     Kenneth D Herron, Jr, Esq.
     Herron Hill Law Group, PLLC
     219 Pasadena Place
     Orlando, FL 32803


FIRST MODE: Davis Polk Advises Anglo American on Global Wind-Down
-----------------------------------------------------------------
Davis Polk is advising Anglo American International Holdings
Limited and certain of its affiliates in connection with the global
wind-down of First Mode Holdings, Inc., and its affiliated
entities. Anglo American is the majority shareholder and sole
funded debtholder of First Mode.

On December 15, 2024, First Mode Holdings, Inc. and its subsidiary
Synchronous LLC filed voluntary chapter 11 petitions in the United
States Bankruptcy Court for the District of Delaware. Shortly
before the filing, Anglo American executed a restructuring support
agreement with First Mode and committed to provide up to $26
million in debtor-in-possession financing during the chapter 11
cases and $29 million in additional funding upon consummation of a
liquidating chapter 11 plan. Also shortly before the filing, First
Mode entered into a stalking horse asset purchase agreement for the
sale of substantially all of First Mode's assets to Cummins, Inc.
for a purchase price of $15 million in cash plus the assumption of
certain liabilities. First Mode's non-U.S. affiliates are expected
to wind down on a solvent basis under the laws of their respective
jurisdictions.

First Mode is a multinational developer and manufacturer of
decarbonization solutions for heavy industry, including ultra-class
mine haul trucks and rail freight locomotives.

The Davis Polk restructuring team includes partner Darren S. Klein,
counsel Aryeh Ethan Falk and associates Stella (Meng) Li and Lara
Luo. The M&A team includes partners William J. Chudd and Daniel
Brass and associate Dylan Major. The finance team includes partner
Elena Maria Millerman and counsel Welton E. Blount. Partner Corey
M. Goodman and counsel Tracy L. Matlock are providing tax advice.
Partner Travis Triano is providing executive compensation and
employee benefits advice. All members of the Davis Polk team are
based in the New York office.
About First Mode

First Mode is a multinational decarbonization company that designs,
manufactures, and distributes hybrid battery systems and hydrogen
fuel cell technologies for heavy duty mining and rail vehicles,
along with hydrogen refueling equipment.

First Mode Holdings, Inc. and Synchronous LLC filed for voluntary
petitions under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.,
Lead Case No. 24-12794) on December 15, 2024.  In their petitions
signed by Colin Mark Freed as chief financial officer, the Debtors
reported estimated consolidated assets of $10 million to $50
million and estimated consolidated liabilities of $50 million to
$100 million.

The Hon. Judge Karen B. Owens oversees the cases.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP as
bankruptcy counsel and Latham & Watkins LLP as bankruptcy
co-counsel.  PJT Partners serves as investment banker to the
Debtors, while M3 Partners LP acts as financial advisor.  Omni
Agent Solutions Inc is the claims and noticing agent for the
Debtors.



FLEXACAR LLC: Updates Unsecured Claims Pay Details
--------------------------------------------------
Flexacar LLC submitted a Third Amended Disclosure Statement
describing Third Amended Plan of Reorganization dated December 10,
2024.

Flexacar owns real property located at 3845 Jefferson Davis
Highway, Stafford, VA 22554 (the "Property") where it is landlord
to several tenants, including Fonse Mechanic Shop, Peets Coffee,
Clear Channel Outdoor, LLC (BillBoard One) and ProCocina LLC dba
Rusitos Cafe, an entity operating a food trailer business serving
ice cream, pizza and subs.

Flexacar's Chapter 11 Plan relies on the payment of rent from these
tenants as well as income generated from businesses that are
operating on the Property, which includes new value contributed by
Debtor's principals, who own equity interests in some of Flexacar's
current tenants. Prior to the bankruptcy filing, the tenants of the
Debtor were Caspian Auto House, Inc. Peetstafford, LLC and Bryans
Auto Body, LLC.

The filing of this bankruptcy was the result of litigation brought
by American Credit Acceptance ("ACA") against Caspian, the Debtor,
Autoline of VA, Inc., 25350 Pleasant Valley LLC, Total Auto
Financing LLC, Elshan, and Babak in the U.S. District Court for the
District of South Carolina, American Credit Acceptance v. Caspian,
et al, Civil Action 7:23-cv-05477-DCC (the "South Carolina
Action"). Debtor is the guarantor of a debt owed to ACA arising
from financing provided by ACA to Total Auto.

Subsequent to the filing of Debtor's bankruptcy case, Total Auto
filed its own Chapter 11 bankruptcy in the United States Bankruptcy
Court for the Eastern District of Virginia, Alexandria Division,
Case No. 23-11876-BFK. A Chapter 11 trustee, Jolene Wee, has been
appointed in this case. The primary asset in the Total Auto case
was a $40 million dollar car loan portfolio which was recently
sold.

In addition to the ACA debt, Debtor is guarantor of a debt owed by
Total Auto to Automotive Financing Company ("AFC"). The claim
alleged by AFC was the subject of a lawsuit filed against codebtors
of Flexacar in the United States District Court for the Eastern
District of Virginia, Alexandria, Automotive Finance Corporation v.
Caspian Auto House, Inc., et al, Case No. 1:23-cv 01679-CMH-LRV.

Flexacar was not included as a defendant in this case as the
automatic stay in the instant Chapter 11 proceeding was in place at
the time of its filing. The named defendants in the case were
Caspian Auto House, Inc., Autoline of Va, Inc., EAE Auto Motors,
Inc., Certified Auto Deal, Inc., Elshan Bayramov and Babak
Bayramov. This case has since settled with defendants agreeing to a
consent judgment in the amount of $6,000,000.00.

The debts of both ACA and AFC are unsecured claims in the Flexacar
case. However, ACA's and AFC's claims are secured by assets of
Total Auto, including car loan portfolios which had a face value at
the time of filing of the TAF case of approximately $40,000.000.00
as listed in the Total Auto's bankruptcy schedules.

In the Total Auto case, the Chapter 11 Trustee sold the loan
portfolios. On September 6, 2024, the Chapter 11 Trustee obtained
the Court's approval in the Total Auto case to employ Ankura
Capital Advisors, LLC as investment banker to advise and assist in
marketing the loan portfolios, evaluating bids and closing
transactions to the highest bidder. The Chapter 11 Trustee
conducted an auction and the prevailing bid was made by Asta
Funding in the amount of $6,380,000.00. On November 27, 2024, sale
of the portfolios to Asta Funding was approved by the Court in the
Total Auto case at a purchase price of $6,380,000.00 which was
allocated $300,000.00 towards AFC's collateral and $6,080,000.00
toward ACA's collateral.

Flexacar seeks through their Chapter 11 plan filing to maximize
recovery to unsecured creditors by contributing its disposable
income over the plan term.

Class 4 of the Plan consists of non-priority unsecured claims of
American Credit Acceptance and Automotive Finance Corporation.
Class 4 shall receive payments in the amount of $20,000.00 per
month for the first four years of the Plan (except that in the
first year only they shall not receive any payment in months three,
six, nine and twelve of the Plan), $25,000.00 per month for years
five - nine of the Plan, $30,000.00 per month for years ten –
thirteen of the Plan, and $25,000.00 per month in years fourteen -
fifteen of the Plan, totaling $4.42 million to Class 4 claimants.

Based on the proofs of claim filed in the case, ACA's claim is
$31,236,285.31 and AFC's claims total $7,297,782.37.
Notwithstanding the foregoing, these figures are subject to change
based on payments that have been made to ACA and AFC in the Total
Auto case, including payments from sale of the car loan
portfolio(s) owned by Total Auto in the amounts of approximately
$6,080,000.00 to ACA and $300,000.00 to AFC, and the adjudication
of Debtor's claim objection, thus the pro rata share of the funding
paid to this class will be determined after consideration of all
payments and defenses made towards the respective claims of ACA and
AFC.

Class 5 consists of the non-priority unsecured claim of co-debtor,
Total Auto Finance. This class shall receive payments in the amount
of $25,000.00 each in months three, six, nine and twelve of the
Plan for a total of $100,000.00. This class of claims is impaired.

Debtor proposes to fund its Plan of Reorganization from several
sources as more specifically set forth in the Disclosure
Statement:

     * disposable income generated from rents from the real
property located at 3845 Jefferson Davis Highway, Stafford, VA
22554 (the "Property") in the approximate amount of $1.5 million
over the Plan term;

     * a portion of the profits from the operation of Peets Coffee
by Peetstafford LLC, an entity co-owned by Elshan Bayramov and
Elena Kurpenko, in the amount of $418,476.00 over the Plan term.
Peetstafford LLC shall enter into a Promissory Note in the same
form to the Disclosure Statement to secure its obligations to
contribute to Plan funding as provided herein;

     * a portion of the profits from the operation of Pro Cocina
LLC, an entity co-owned by Elshan Bayramov and Babak Bayramov, in
the amount of $418,476.00 over the Plan term. Pro Cocina, LLC shall
enter into a Promissory Note in the same form to the Disclosure
Statement to secure its obligations to contribute to Plan funding
as provided herein;

     * contributions of new value to the plan by Debtor's equity
interest holders, Elshan Bayramov and Babak Bayramov in cash
payments in the amount of $3,750.00 per month ($1,875.00 per month
each) for fifteen years in the total amount of $675,000.00 unless
an auction and sale of the equity interests would produce a higher
recovery for creditors. As part of the Plan, a 100% equity interest
in Debtor will be marketed for sale and auctioned to any qualifying
purchaser offering the highest monthly cash payments over a
fifteen-year period, and said amount will be contributed to the
plan funding and paid out to unsecured creditors; Elshan Bayramov
and Babak Bayramov shall each shall enter into a Promissory Note in
the same form to the Disclosure Statement to secure its obligations
to contribute to Plan funding.

     * repayment to Debtor of its loan to Total Property Investment
LLC ("TPI") in monthly payments of principal and interest in the
amount of $10,000.00 per month for thirteen years. In order to bind
TPI to these payments, Debtor shall obtain the agreement of TPI to
these repayment terms and TPI shall enter into a revised Promissory
Note including these repayment terms in the same form as attached
to the Disclosure Statement. TPI is 95% owned by debtor designee,
Elshan Bayramov's spouse, Fakhriyya Mammadova and the remaining 5%
is owned by Elshan Bayramov. TPI owns the real property located at
3857 Richmond Hwy, Stafford, VA 22554 (adjacent to Debtor's
Property).

     * refinance by a third-party lender of Atlantic Union Bank's
secured claim on or before December 28, 2024 in the approximate
amount of $1,290,340.56. With respect to the refinance of Atlantic
Union Bank's secured claim, Debtor has engaged in discussions with
a broker and is seeking to obtain a refinance of the Property at a
loan to value ratio of seventy percent at an interest rate between
eight percent and twelve percent with a monthly payment of
approximately $12,000.00 per month. Debtor will seek to enter into
a refinance as part and parcel to confirmation of its Chapter 11
Plan or by obtaining separate approval via motion to the Bankruptcy
Court.

A full-text copy of the Third Amended Disclosure Statement dated
December 10, 2024 is available at https://urlcurt.com/u?l=nBAnPF
from PacerMonitor.com at no charge.

Counsel for the Debtor:

     John P. Forest, II, Esq.
     11350 Random Hills Rd., Suite 700
     Fairfax, VA 22030
     Telephone: (703) 691-4940
     Email: john@forestlawfirm.com

                      About Flexacar LLC

Flexacar LLC, r is a limited liability company which owns a 4.2
acre improved tract of land in Stafford County, Virginia with
current street addresses of 3845 Richmond Highway, Stafford,
Virginia (the "Property").

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. W.D. Va.
Case No. 23-11984) on Dec. 6, 2023.  At the time of filing, the
Debtor estimated $500,001 to $1 million in both assets and
liabilities.

Judge Klinette H Kindred presides over the case.

The Debtor tapped John P. Forest, II, Esq., as counsel.


FLORES PEDIATRICS: Gets Final OK to Access Cash Collateral
----------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Oklahoma
issued a final order granting Flores Pediatrics, LLC authorization
to use cash collateral under specific terms and conditions.

The court authorized Flores Pediatrics to use cash collateral for
operating expenses per an approved budget with a 10% variance
allowed over a rolling four-week period.

The U.S. Small Business Administration (SBA) holds a first-priority
lien on the company's assets, including post-petition collateral,
with rights preserved for further action if needed.

SBA was granted a super-priority claim in case of collateral value
diminution, subordinated only to a carve-out for professional fees.
Additionally, SBA will receive monthly payments of $1,000 as
adequate protection until the reorganization plan is confirmed or
the case concludes.

Flores Pediatrics must maintain insurance and comply with tax
obligations. Non-compliance allows SBA to seek remedies, including
relief from the automatic stay.

                        About Flores Pediatrics

Flores Pediatrics, LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Okla. Case No. 24-13144) on Nov. 1,
2024, listing under $1 million in both assets and liabilities.

Judge Sarah A. Hall oversees the case.

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


GALACTIC MUSIC: Tamara Miles Ogier Named Subchapter V Trustee
-------------------------------------------------------------
The U.S. Trustee for Region 21 appointed Tamara Miles Ogier, Esq.,
at Ogier, Rothschild & Rosenfeld, PC as Subchapter V trustee for
Galactic Music Digital, LLC.

Ms. Ogier will be paid an hourly fee of $450 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.    

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

The Subchapter V trustee can be reached at:

     Tamara Miles Ogier, Esq.
     Ogier, Rothschild & Rosenfeld, PC
     P.O. Box 1547
     Decatur, GA 30031
     Phone: (404) 525-4000

                    About Galactic Music Digital

Galactic Music Digital, LLC sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 24-62779) on
December 3, 2024.

Judge Lisa Ritchey Craig presides over the case.


GAP INC: S&P Alters Outlook to Positive, Affirms 'BB' ICR
---------------------------------------------------------
S&P Global Ratings revised its outlook on Gap Inc. to positive from
stable and affirmed all of its ratings on the company, including
the 'BB' issuer credit rating and its 'BB' issue-level rating on
its senior unsecured notes.

The positive outlook reflects Gap Inc.'s improved operating
performance and leverage, which lead S&P to expect it will enhance
its execution and stabilize profitability through fiscal year 2025,
supporting sustained S&P Global Ratings-adjusted margins well above
fiscal 2023 levels.

S&P said, "The positive outlook reflects the potential that we will
upgrade the company over the next 12 months if it sustains its
recent operating performance. Gap Inc. has demonstrated notable
improvements in the operating performances of its two largest
banners, Old Navy and Gap Brand (approximately 75% of revenue), in
addition to progress under its Banana Republic (BR) and Athleta
brands. The company increased its revenue by 3.3% year to date
through the third quarter of fiscal year 2024 (ended Nov. 2, 2024),
which represents a significant turnaround from the 6.9% decline it
reported over the same period a year ago. Gap Inc. also improved
the comparable sales of its BR and Athleta banners (third-quarter
2024 comparable sales for BR and Athleta of -1% and 5%,
respectively, compared with -8% and -19% a year ago).

"Our expectation the company will expand its sales by 1.7% in 2024
incorporates continued market share gains, a mid-single digit
percent increase in sales at Old Navy (due to favorable comparable
sales and an increase in its store count), and an approximately 8%
sales decline at Gap Brand (due to reduced store count). While we
also project the BR banner will experience a mid-single digit
percent sales decline for the year due, in part, to a reduced store
count, we expect Athleta's consolidated sales will begin to
increase to turn positive in 2024 (which represents an improvement
for both banners relative to the approximately 9% sales declines
both experienced in 2023). For 2025, we expect similarly muted
sales growth for Gap Inc., mainly due to continued--though
moderating--store count reductions and more modest sales growth at
Old Navy."

Gap Inc.'s improving profitability over the next 12 months will
strengthen its credit metrics. The company has expanded its S&P
Global Ratings-adjusted EBITDA margins sequentially in each of the
three quarters of fiscal year 2024, in addition to improving them
on a trailing-12-month basis over the past seven quarters. S&P
said, "We expect Gap Inc. will end 2024 with S&P Global
Ratings-adjusted EBITDA margins of 16% before they contract in 2025
because of a reversal of current commodity tailwinds and a modest
rise in SG&A expenses. That said, we expect the company will
generate more than $2.2 billion of S&P Global Ratings adjusted
EBITDA (including operating lease rent add-backs) in both 2024 and
2025, which--compared with its $1.5 billion of reported debt and
nearly $4 billion of lease liabilities (that we treat as debt under
our adjusted debt calculations)--leads us to view its leverage
profile as being at the stronger end of our expected range for the
rating."

S&P said, "We expect Gap Inc. will maintain adequate liquidity over
the next 12 months, supported by full availability under its
revolving credit facility and ample balance sheet cash. That said,
we expect the company's adequate liquidity will be partially offset
by its reduced free operating cash flow (FOCF) generation in fiscal
year 2024 and 2025. As of the end of the third quarter of fiscal
year 2024, Gap Inc. had $2.2 billion of cash, cash equivalents, and
short-term investments, with no outstanding borrowings under its
$2.2 billion revolving credit facility. We project the company’s
S&P Global Ratings-reported FOCF generation will decline following
the outsized working capital inflow it experienced in fiscal year
2023 (nearly $700 million, mainly from inventory), which will not
repeat in 2024, and its increased capital spending. This leads us
to forecast Gap Inc. will generate FOCF of more than $700 million
in fiscal year 2024 and more than $550 million in fiscal year 2025,
which compares with more than $1.1 billion last year. This is
occurring as the company focuses on repositioning its store
footprint and re-prioritizing its product offerings, marketing
strategies, and in-store experiences to rejuvenate the BR and
Athleta brands.

"We believe Gap Inc. currently has an abnormally high cash balance
relative to its historical levels. With no stated financial policy,
we expect the company will use this additional cash to increase its
dividend and share repurchase programs in 2024 and 2025 while
maintaining $1.0 billion-$1.5 billion of balance sheet cash (the
board recently approved a $57 million quarterly dividend and it has
$476 million remaining under its current share repurchase
authorization with no expiration date). We do not expect that Gap
Inc. will engage in mergers and acquisitions (M&A) over the next 12
months to avoid disrupting the momentum gained from its recent
turnaround efforts, which have yielded encouraging results.

"The positive outlook reflects Gap Inc.'s improved operating
performance and leverage, which lead us to expect it will enhance
its execution and stabilize profitability through fiscal year 2025,
supporting sustained S&P Global Ratings-adjusted margins well above
fiscal 2023 levels."

S&P could revise its outlook on Gap Inc. to stable if:

-- It materially underperforms our projection, or it experiences
heightened performance volatility across its banners, leading to
S&P adjusted EBITDA margin falling well below 16% and leverage
increasing from its current levels to the mid-2x area; or

-- The company employs a considerably more aggressive financial
policy, as demonstrated by a significantly increase in dividends or
share repurchases.

S&P could raise its rating on Gap Inc. over the next 12 months if
we view its recent operating performance as sustainable and it
maintains a conservative financial policy. This could occur if:

-- The company continue to improve its profitability or cash flow
such that it sustains S&P Global Ratings-adjusted EBITDA margins of
more than 16%; or

-- It is able to navigate a less-favorable macroeconomic
environment while maintaining its market share and increasing its
comparable sales across its banners.

Under these circumstances, S&P would expect Gap's leverage to be
near 2x.



GARNET HEALTH: Moody's Lowers Revenue Bond Rating to Ba3
--------------------------------------------------------
Moody's Ratings has downgraded Garnet Health Medical Center's
(GHMC)(NY) revenue bond rating to Ba3 from Ba2. The outlook is
negative. The organization will have approximately $229 million of
outstanding debt as of fiscal year 2024.

The downgrade reflects GHMC's protracted pace of performance
recovery and the potential for a further decline in liquidity as a
result of labor inflation and startup costs for a new specialty
service line; which Moody's consider social and governance ESG
considerations.

RATINGS RATIONALE

The Ba3 rating is supported by GHMC's position as a regional
tertiary referral center and its distinctly leading market share
(over 40%). Management expects to incrementally improve cash flow,
with break-even and approximately 1% operating cash flow margin
projected in 2024 and 2025. However, liquidity will be very weak,
with the system's days cash on hand anticipated to thin, with a
potential trough of around 35 days in 2025, despite minimal capital
spending. Labor costs related to GHMC's unionized workforce and the
industrywide labor shortage, along with startup costs for a new
specialty service line will present significant challenges to
improving the pace of performance. That said, Moody's expect GHMC
will maintain headroom to its debt service coverage covenant going
forward and finalize a forbearance agreement.

RATING OUTLOOK

The negative outlook reflects breakeven operating cash flow in
2024, with headwinds challenging the pace of operating performance
(approximately 1% operating cash flow margin in 2025). Further,
there are multiple risks that could result in greater than
anticipated cash declines through 2025. Days cash on hand below 40
days for the system could pressure the rating further.

FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATINGS

-- Materially improved and durable operating cash flow margin

-- Significantly improved cash reserves as measured by days cash
on hand

FACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATINGS

-- Inability to finalize and/or meet terms of a forbearance
agreement with bond holders

-- Weaker than anticipated operating cash flow margin in 2024 or
2025, which are projected to be around breakeven and 1% for the
system

-- Failure to sustain cash on hand at approximately 40 days cash
over the next several quarters

-- Increase in debt

LEGAL SECURITY

The bonds are secured by a pledge of gross receipts of Garnet
Health Medical Center (GHMC) and a mortgage pledge. Financial
covenants include a 1.25 times debt service coverage ratio
(measured annually / 1.0 times event of default) and days cash on
hand not less than 60 days before consultant call-in (measured
semi-annually). GHMC did not meet its debt service coverage
covenant in 2023 and anticipates securing a forbearance agreement
from bond holders. GHMC expects to meet its debt service coverage
covenant in 2024.

PROFILE

Garnet Health Medical Center (GHMC) is a 383-bed acute care
hospital located in Orange County, serving as a regional referral
center in the Mid-Hudson Valley region of New York State. Garnet
Health (GH) is located in Middletown, New York, is the sole member
and active parent company of GHMC and Garnet Health Medical Center
- Catskills, a 218-bed acute care hospital in Sullivan County.

METHODOLOGY

The principal methodology used in this rating was Not-for-profit
Healthcare published in October 2024.


GATEWAY CASINOS: Moody's Affirms 'B3' CFR, Outlook Stable
---------------------------------------------------------
Moody's Ratings has affirmed Gateway Casinos & Entertainment
Limited's B3 corporate family rating and B3-PD probability of
default rating. At the same time, Moody's have assigned a B3 rating
to the proposed $1,085 million senior secured first lien term loan
due 2030. The B3 ratings to the existing $1 billion senior secured
first lien term loan and the C$212 million senior secured first
lien term loan due in 2027, have been reviewed in the rating
committee and remain unchanged. Furthermore, the existing senior
secured term loans will be withdrawn when the refinancing
transaction closes. The rating outlook remains stable.

Gateway is refinancing its existing debt with the new $1,085
million first lien term loan issued by Gateway and $310 million
holdco PIK term loan issued by GTWY Holdings Limited, parent of
Gateway. Net proceeds will be used to repay existing $1.2 billion
(C$1.7 billion) term loan and pay a $158 million (C$225 million)
dividend to shareholders.

"The affirmation reflects Gateway's solid market positions in
Canada and moderate growth expectations which combined with a lower
cash interest expense will support positive free cash flow. " said
Dion Bate, Vice President - Senior Analyst at Moody's Ratings. "It
further reflects the tight interest coverage and adequate liquidity
which is partially balanced by the improved financial leverage"

RATINGS RATIONALE

Gateway's CFR is constrained by: (1) high financial leverage and
moderate interest coverage, with Moody's view of adjusted debt to
EBITDA of 5.8x and EBIT to interest expense of about 1.5x in 2025;
(2) discretionary nature of gambling spend that is vulnerable to
economic cycles; and (3) financial policy risks under private
equity ownership that may elevate leverage from time to time.

However, the rating benefits from: (1) a strong market position
protected by substantial barriers to entry through provincial
licensing systems; (2) diversified gaming portfolio with 31 casinos
in three provinces; and (3) a stable pre-pandemic operating and
property development track record. A comprehensive review of all
credit ratings for the respective issuer has been conducted during
a rating committee.

Gateway's liquidity is adequate through 2025. Sources are around
C$100 million compared to uses in the form of mandatory term loan
amortization of about C$15 million through 2025. The sources are
comprised of pro forma cash on hand of around C$75 million (net of
cage cash, cash on casino premises and cash in transit of around
C$80 million) and free cash flow of around C$25 million for 2025.
The company does not have access to a committed revolving credit
facility. The company has few sources of alternative liquidity.

Gateway's secured term loan is rated B3, at the same level as the
CFR, since it represents the preponderance of liabilities in the
capital structure. The holdco PIK term loan is regarded as equity
in Moody's credit metrics recognizing that holdco PIK term loan
holders have no creditor rights at Gateway, nor can they trigger
Gateway's bankruptcy. However, there remains event risk in terms of
refinancing the capital structure that may result in the debt
coming back onto Gateway's balance sheet subject to restricted
payments covenants under the secured term loan credit agreement.  

The terms for the new credit facilities include the following:

Incremental pari passu debt capacity up to the greater of $90
million and 40% of Consolidated Adjusted EBITDA, plus unlimited
amounts subject to 4.00x pro forma first lien Total Net Leverage
ratio. There is no inside maturity sublimit.

The credit agreement prohibits the designation of unrestricted
subsidiaries, preventing collateral "leakage" to such subsidiaries.
No gaming or other material licenses and no intellectual property
or related material rights may be transferred as an investment to a
non-loan party. All gaming, material licenses and all material
intellectual property must be owned by the credit parties.

The credit agreement provides some limitations on up-tiering
transactions, requiring 100% lender consent for amendments that
directly or indirectly subordinate the debt or liens unless such
lenders can ratably participate in such priming debt.

Any amendments of the indebtedness covenant for the primary purpose
of influencing voting thresholds require affected lender consent.

The stable outlook reflects Moody's expectation that Gateway will
continue to deleverage through EBITDA growth while maintaining
adequate liquidity over the next 12 to 18 months.

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

The ratings could be upgraded if there is a commitment and track
record of adhering to conservative financial polices such that
adjusted debt/EBITDA is sustained under 6x, EBIT/interest remains
above 2x, and capital projects are successfully completed while
maintaining robust free cash flow and good liquidity.

The ratings could be downgraded if adjusted debt/EBITDA is
sustained above 7.5x; if EBIT/interest below 1x; or if liquidity
weakens, in particular sustained negative free cash flow.

The principal methodology used in these ratings was Gaming
published in June 2021.

Gateway, headquartered in Burnaby, British Columbia, Canada, is a
privately-owned gaming and entertainment company and second largest
non-government gaming operator in Canada. The company is
majority-owned (74%) by The Catalyst Capital Group Inc. (Catalyst),
a private equity firm. Tennebaum Capital Partners, LLC is a
minority owner.


GAVAZZI COOLING: Gavazzi Unsecured Claims to Get 13% in 60 Months
-----------------------------------------------------------------
Gavazzi Cooling & Heating, Inc., and Gregory Otto Gavazzi & Sharon
Ann Gavazzi, submitted a Joint Plan of Reorganization for Small
Business dated December 9, 2024.

Gavazzi Cooling is a New Jersey corporation formed in 2003. The
Individual Debtors are its only shareholders.

The Debtor operates out of the real property owned by one of the
Individual Debtor's adult children, in Riverdale NJ. The Individual
Debtors reside in the home they own at 1009 Beaumont Court, Leland,
NC; Gregory Gavazzi stays at the Riverdale location on weekdays
when operating the business.

Gavazzi Cooling is a HVAC company that installs, maintains and
repairs heating and cooling systems for both residential and
commercial properties. It employs approximately 3 people full time,
including the Individual Debtors.

The Debtors propose to pay the holders of all allowed
administrative claims in full on the later of (i) the Effective
Date of the Plan; (ii) allowance of the claim(s) of (iii) in
accordance with any agreement between the Debtors and the holder(s)
of the claim(s).

Gavazzi Cooling's property is covered by the primary security
interest held by Provident Bank, which asserts a secured claim of
$97,887.21. The Debtors propose to pay the allowed claim in full
with 2.99% annual interest, over a sixty-month term, in monthly
installments of $1,074.58.

Gavazzi Cooling's property is covered by secondary security
interest held by Ferguson Enterprises, which asserts a secured
claim of $11,370.64. The Debtors propose to pay the allowed claim
in full with 2.99% annual interest, over a sixty-month term, in
monthly installments of $204.26.

Luce, Schwab & Kace holds a judgment against the Debtors that is
secured by a prepetition levy covering $4,300.72 on deposit in
Gavazzi Cooling's checking account at Lakeland Bank. The Debtors
propose to surrender the deposit to the creditor in full
satisfaction of the secured claim, and to treat the balance of the
judgment as a general unsecured claim.

Truist Bank holds a $28,474.35 claim secured by the first mortgage
covering the Individual Debtors' residence at 1009 Beaumont Court,
Leland NC, and a $98,838.24 claim secured by the second mortgage
covering the residence. The Debtors propose to repay each of these
claims in compliance with the notes, mortgages, and/or other loan
documents forming the basis of the claims.

The Debtors propose to treat all other allowed claims against
Gavazzi Cooling, including any deficiency claim of Luce, Schwab &
Kace, as general unsecured claims. The Debtors will distribute the
amount of $50,000.00 over a sixty-month period toward the holders
of general unsecured claims; the holders of such claims will share
in the fund pro rata.

The Debtors propose to treat all other allowed claims against the
Individual Debtors, including any claims against Gavazzi Cooling
that are guaranteed by one or both of the Individual Debtors, or
for which one or both of the Individual Debtors are otherwise
liable, as general unsecured claims against the Individual Debtors.
The Individual Debtors will distribute the amount of $330,000.00
over a sixty-month period toward the holders of general unsecured
claims; the holders of such claims will share in the fund pro
rata.

Class 7 consists of allowed general unsecured claims against
Gavazzi Cooling. Claimants to share pro rata in a total fund of
$50,000.00. Commencing 90 days after the Effective Date, for a
period of 60 months, the Debtors will make the monthly payments in
the amount of $833.33 toward the fund for payment of Class 7
Claims. The Debtors propose to distribute the fund to the holders
of allowed Class 7 claims monthly. However, if the monthly payment
due any holder of an allowed Class 7 Claim from the fund is less
than $10.00, the Debtors may elect to distribute the full amount of
the claimant’s share of the fund in a single payment. This Class
will receive a distribution of 13% of their allowed claims.

Class 8 consists of allowed general unsecured claims against
Individual Debtors. Claimants to share pro rata in a total fund of
$330,000.00. Commencing 90 days after the Effective Date, for a
period of 50 months, the Debtors will make the monthly payments in
the amount of $4,000.00 toward the fund for payment of Class 8
Claims. The Debtors will then make a one time balloon payment
toward the amount due to unsecured creditors in the 60th month of
the plan in the amount of 94,000.00 from the refinance of their
residence.

The Debtors propose to distribute the fund to the holders of
allowed Class 8 claims monthly. However, if the monthly payment due
any holder of an allowed Class 8 Claim from the fund is less than
$10.00, the Debtors may elect to distribute the full amount of the
claimant's share of the fund in a single payment. This Class will
receive a distribution of 76% of their allowed claims.

Gavazzi Cooling will fund the payments to Classes 1, 2 and 7 by
contributing post-confirmation income realized through its
operations. Gavazzi Cooling will fund the distribution to Class 3
by permitting the Class 3 Claimant to exercise its right to execute
upon the levied bank account.

The Individual Debtors will fund the payments to Classes 4, 5 and 8
by contributing postconfirmation income realized through their
employment.

A full-text copy of the Joint Plan dated December 9, 2024 is
available at https://urlcurt.com/u?l=TTF1as from PacerMonitor.com
at no charge.

                About Gavazzi Cooling & Heating

Gavazzi Cooling & Heating, Inc. is a HVAC company that installs,
maintains and repairs heating and cooling systems for both
residential and commercial properties.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.N.J. Case No. 24-18940) on September 10,
2024, with $100,001 to $500,000 in assets and liabilities.

Judge Stacey L. Meisel presides over the case.

Brian Gregory Hannon, Esq., at the Law Office Of Norgaard O'Boyle,
is the Debtor's legal counsel.


GMT 3435 REALTY: Seeks Cash Collateral Access
----------------------------------------------
GMT 3435 Realty, LLC asked the U.S. Bankruptcy Court for the
Southern District of New York for authority to use cash
collateral.

The company must use cash collateral primarily to fund expenses
that are related to the maintenance of its residential building.

GMT believes that it has substantial equity in its multi-unit
residential building. It estimates the property to be worth $7
million. According to the leases and agreements in place, the
property should generate approximately $70,000 in revenue per
month. Many tenants fell into arrears due to the economic climate
and COVID. GMT typically only currently collects about $35,000 per
month from tenants. In addition, the company may collect funds from
the City of New York or a charity. This, combined with past issues
related to property maintenance violations, has led to financial
strain. The company believes that with time to address these
issues, including completing necessary repairs, the property can be
made profitable.

However, the primary driver for the bankruptcy filing is the
imminent foreclosure action initiated by SMS Financial Strategic
Investments II, not for non-payment but for alleged maintenance
violations. GMT seeks protection under Chapter 11 to prevent the
foreclosure sale and to have the opportunity to stabilize the
property's financial situation.

As adequate protection, SMS Financial Strategic Investments II, the
company's secured lender, will receive replacement liens (to the
extent of any diminution in the value of its liens as of the
petition date), and will also receive a superpriority
administrative expense claim in an amount equal to the cash
collateral expended less amounts required or used to fund the
carveout as well as adequate protection payments.

A hearing on the matter is set for Jan. 7, 2025.

                       About GMT 3435 Realty

GMT 3435 Realty LLC is primarily engaged in renting and leasing
real estate properties.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. N.Y. Case No. 24-36191) on December 8,
2024. In the petition signed by George Gojcaj, manager, the Debtor
disclosed up to $10 million in both assets and liabilities.

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


GOTO GROUP: $958.9MM Bank Debt Trades at 54% Discount
-----------------------------------------------------
Participations in a syndicated loan under which GoTo Group Inc is a
borrower were trading in the secondary market around 46
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $958.9 million Term loan facility is scheduled to mature on
April 28, 2028. About $954.1 million of the loan has been drawn and
outstanding.

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



HALO BUYER: $100MM Bank Debt Trades at 16% Discount
---------------------------------------------------
Participations in a syndicated loan under which Halo Buyer Inc is a
borrower were trading in the secondary market around 84.1
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $100 million Term loan facility is scheduled to mature on June
28, 2026. The amount is fully drawn and outstanding.

Halo Buyer, Inc. operates as an advertising company. The Company
provides promotional products and services. Halo Buyer serves
customers worldwide.


HAPISGAH OF FLUSHING: Taps Rachel L. Kaylie P.C. as Legal Counsel
-----------------------------------------------------------------
Hapisgah of Flushing Inc. seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to hire Law Offices of
Rachel L. Kaylie, P.C. to serve as legal counsel in its Chapter 11
case.

The firm's services include:

     a. advising the Debtor with respect to its powers and duties
in the continued management of its business;

     b. attending meetings and negotiating with representatives of
creditors and other parties in interest and consulting with the
Debtor on the conduct of its case;

     c. taking all necessary action to protect and preserve the
Debtor's estate;

     d. preparing legal papers and appearing before the courts;

     e. preparing and negotiating a Chapter 11 plan, disclosure
statement and related documents;

     f. advising in connection with any sales of assets, auctions
and other transactions; and

     g. performing other legal services for the Debtor; and

     h. appearing before the court and protecting the interests of
the Debtor's creditors.

The firm's hourly rates are as follows:

     Attorneys                       $450 per hour
     Paraprofessionals/Specialists   $100 per hour

As disclosed in court filings, the Law Offices of Rachel L. Kaylie
is a disinterested person within the meaning of Section 101(14) of
the Bankruptcy Code.

The firm can be reached through:

     Rachel L. Kaylie, Esq.
     Law Offices of Rachel L. Kaylie, P.C.
     1702 Avenue Z, Suite 205
     Brooklyn, NY 11235
     Tel: (718) 615-9000
     Fax: (718) 228-5988
     Email: rachel@kaylielaw.com

         About Hapisgah of Flushing

Hapisgah of Flushing Inc. owns and operates a restaurant in
Flushing, N.Y.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. N.Y. Case No. 24-43917) on September
20, 2024, with $1 million to $10 million in both assets and
liabilities. Moshe Lifshitz, authorized signatory, signed the
petition.

Judge Elizabeth S. Stong presides over the case.

Lawrence Morrison, Esq., at Morrison Tenenbaum, PLLC represents the
Debtor as legal counsel.


HAWAII STAGE: Seeks Cash Collateral Access Until March 2025
-----------------------------------------------------------
Hawaii Stage and Lighting Rentals, Inc. asked the U.S. Bankruptcy
Court for the District of Hawaii for authority to use cash
collateral through March 31, 2025.

First Hawaiian Bank, the U.S. Small Business Administration and
Hawaii Holding and Investments, LLC assert an interest in the
company's cash collateral.

As of the petition date, the company was holding approximately
$120,000 in cash.

Hawaii Stage and Lighting Rentals proposed to provide adequate
protection for the use of cash collateral by providing the
pre-bankruptcy secured creditors with replacement liens on the
estate's post-petition assets and the proceeds thereof, to the same
extent and with the same priority as their pre-bankruptcy liens.

As additional protection, the company proposed to continue to make
monthly interest payments of $3,400 and $2,492 to First Hawaiian
Bank and SBA, respectively.

             About Hawaii Stage and Lighting Rentals

Hawaii Stage and Lighting Rentals, Inc. is a full-service event
production company serving the Hawaiian Islands since 1976.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Hawaii Case No. 24-01132) on December
14, 2024. In the petition signed by Joseph Kuhio Lewis, president,
the Debtor disclosed up to $10 million in both assets and
liabilities.

Judge Robert J. Faris oversees the case.

Chuck C. Choi, Esq., at Choi and Ito, represents the Debtor as
legal counsel.


HERITAGE HOME: Claims to be Paid From Revenue & Sale Proceeds
-------------------------------------------------------------
Heritage Home Furnishings, LLC, filed with the U.S. Bankruptcy
Court for the Eastern District of California dated December 9,
2024.

The Debtor is a family-owned California limited liability company
created in 2009 which operates as a commercial furniture retailer
with a showroom and separate warehouse located in Turlock, CA.

For several years, DIP has experienced declining sales resulting in
cash flow deficits. Poor corporate financial controls and less
than-ideal communications between the sister-brother LLC members
also contributed to cash flow deficits. To meet monthly operating
expenses, the members contributed to their LLC capital accounts and
took on high-interest rate loans. Concurrently, DIP's sales tax
liabilities to the State of California began to compound ultimately
resulting in a garnishment.

The Plan Proponent is dissolving. The Plan is a liquidating Plan to
be funded by two sources: (1) the proceeds from the sale of the
assets, and (2) capital contributions from the members.

To complete this plan, Debtor shall submit to the supervision and
control of the trustee, as is necessary for the execution of the
plan, a monthly payment in the amount of $11,170.

Class 6 consists of the allowed unsecured claim of American
Express, National Bank (the "Claimant"), which is guaranteed by
Fabiola Sandoval Sanchez, a member of the Debtor LLC. The Claimant
shall receive payment of 80% of its allowed claim through the Plan.
Payments to the Claimant shall be made in 60 equal monthly
installments, commencing on the first business day of the month
following the Effective Date of the Plan. Each installment payment
shall represent 1/60th of the total 80% of the allowed claim.

Payment of 80% of the allowed claim through the Plan shall
constitute full and final satisfaction of the Claimant's rights
against the Debtor LLC. This treatment does not affect the rights
of the Claimant against guarantor Fabiola Sandoval Sanchez. No
interest, penalties, or other charges shall accrue or be paid on
the Claimant's unsecured claim after the Petition Date.

Class 7 consists of the allowed unsecured claim of American
Express, National Bank (the "Claimant"), which is guaranteed by
Carlos Sandoval, a member of the Debtor LLC. Carlos Sandoval is a
debtor in a Chapter 13 bankruptcy case, and his Chapter 13 plan
provides for a 38.75% dividend to general unsecured creditors,
including this claim. The Debtor LLC shall make no payments on the
Claimant's unsecured claim in this Class. The Debtor LLC's
liability for the claim shall be discharged upon confirmation of
the Plan.

The Claimant's recovery on this claim will occur through Carlos
Sandoval's Chapter 13 bankruptcy plan, which provides for a 38.75%
dividend to general unsecured creditors, including this claim. Any
portion of the Claimant's allowed claim that remains unpaid
following Carlos Sandoval's Chapter 13 plan shall be treated as a
deficiency claim and included in Class 8 for treatment under this
Plan. Class 7 is impaired under the Plan.

Class 8 consists of all remaining allowed unsecured claims against
the Debtor LLC. Holders of allowed claims in Class 8 shall receive
no payment, distribution, or other recovery under the Plan.
Confirmation of the Plan shall constitute full and final
satisfaction, settlement, release, and discharge of all claims in
Class 8 against the Debtor LLC, with no further liability to the
Debtor LLC. Class 8 is impaired.

Class 9 consists of all equity holders of the Debtor LLC as of the
Petition Date. Holders of equity interests in Class 9 shall receive
no distribution, payment, or other recovery under the Plan. Upon
the Effective Date of the Plan, all equity interests in the Debtor
LLC shall be canceled, extinguished, and of no further force or
effect. Equity holders in this Class shall not retain any rights,
interests, or claims against the Debtor LLC or its assets following
the confirmation and effectiveness of the Plan.

The Plan will be funded by the sale proceeds of Debtor's personal
property and capital contributions from the members. The LLC
members will have sufficient cash to make the make the capital
contributions from two sources: (1) revenue from a successor
corporation, and (2) proceeds from the sale of real property held
free and clear by the two members.

A full-text copy of the Plan of Reorganization dated December 9,
2024 is available at https://urlcurt.com/u?l=C65mEi from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     Brian S. Haddix, Esq.
     Haddix Law Firm
     1224 I Street
     Modesto, CA 95354-0912
     Telephone: (209) 338-1131
     Email: bhaddix@modestobankruptcylaw.com

               About Heritage Home Furnishings

Heritage Home Furnishings LLC, doing business as Minerva's Home
Furnishings, is a furniture and mattress store located in Turlock,
CA that provides furniture for the living room, dining room, home
office, and bedroom. In addition to furniture, the Company carries
mattress sets, innerspring, hybrid, and gel memory foam mattresses,
box springs, and adjustable foundations. It also has mattress
accessories such as pillows, mattress covers, and mattress
protectors.

Heritage Home Furnishings LLC sought relief under Subchapter V of
Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Cal. Case No.
24-90528) on Sept. 9, 2024. In the petition filed by Fabiola
Sanchez Sandoval, as managing member, the Debtor estimated assets
up to $50,000 and liabilities between $1 million and $10 million.

The Honorable Bankruptcy Judge Ronald H. Sargis handles the case.

The Debtor is represented by Brian S. Haddix, Esq., at HADDIX LAW
FIRM.


HILLER AIRCRAFT: Hires Young Wooldridge as Bankruptcy Counsel
-------------------------------------------------------------
Hiller Aircraft Corporation seeks approval from the U.S. Bankruptcy
Court for the Eastern District of California to hire the Law
Offices of Young Wooldridge as counsel.

The firm's services include:

     a. consulting with the Debtor about its financial situation,
its achievable goals and the efficacy of various forms of
bankruptcy as a means to achieve its goals;

     b. preparing documents for the bankruptcy case;

     c. advising the Debtor about its duties as
debtor-in-possession;

    d. helping the Debtor formulate a Plan of Reorganization,
drafting the Plan, and prosecuting legal proceedings to seek
confirmation of the Plan; and

     e. preparing and prosecuting pleadings.

The firm will be paid based upon its normal and usual hourly
billing rates.

     Leonard K. Welsh, Esq.        $400
     Legal Assistants              $150

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

The firm received a retainer in the amount of $30,000.

Leonard Welsh, Esq., a partner at the Law Offices of Young
Wooldridge, disclosed in a court filing that his firm is a
"disinterested person" pursuant to Section 101(14) of the
Bankruptcy Code.

The firm can be reached at:

     Leonard K. Welsh, Esq.
     LAW OFFICES OF YOUNG WOOLDRIDGE
     1800 30th Street, Fourth Floor
     Bakersfield, CA 93301
     Tel: (661) 328-5328
     Fax: (661) 760-9900
     Email: lwelsh@youngwooldridge.com

            About Hiller Aircraft Corporation

Hiller Aircraft Corporation filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Cal. Case No.
24-13373) on November 21, 2024, listing $1 million to $10 million
in both assets and liabilities. The petition was signed by Dianne
Maslanka as finance administration manager.

Judge Jennifer E. Niemann presides over the case.

Leonard K. Welsh, Esq. at LAW OFFICES OF YOUNG WOOLDRIDGE, LLP
represents the Debtor as counsel.


HYPERSCALE DATA: Declares Monthly Series D Dividend
---------------------------------------------------
Hyperscale Data, Inc. announced on December 20, 2024, that its
Board of Directors has declared a monthly cash dividend of
$0.2708333 per share of the Company's outstanding 13.00% Series D
Cumulative Redeemable Perpetual Preferred Stock. The record date
for this dividend is December 31, 2024, and the payment date is
Friday, January 10, 2025.

Link to NYSE quote for the Company's Series D Preferred Stock:
https://www.nyse.com/quote/XASE:GPUSpD

The Company further announced that the Board has elected not to
declare a monthly cash dividend on its outstanding 10.00% Series E
Cumulative Redeemable Perpetual Preferred Stock for the month
ending December 31, 2024. The certificate of designations for the
Series E Preferred Stock permits the Company to defer up to 12
consecutive monthly dividend payments on the Series E Preferred
Stock without such deferrals being considered missed. The Company
notes that the dividend is a cumulative dividend that accrues for
payment in the future.

Hyperscale Executive Chairman Milton "Todd" Ault III stated, "The
Company remains committed to paying consistent dividends as
evidenced by the Company never missing a dividend payment on the
Series D Preferred Stock since its inception in June 2022. The
just-declared dividend payment for the Series D Preferred Stock
will be the 30th consecutive dividend payment. As the Series E
Preferred Stock was just issued to stockholders as a dividend, the
Company always anticipated electing to defer this month's dividend,
which is why Permitted Deferrals were included in the certificate
of designations. We anticipate declaring and paying out the
deferred dividend payment sometime in 2025."

                        About Hyperscale Data

Hyperscale Data, Inc., formerly known as Ault Alliance, Inc., is a
diversified holding company pursuing growth by acquiring
undervalued businesses and disruptive technologies with a global
impact. Through the Company's wholly and majority-owned
subsidiaries and strategic investments, the Company owns and/or
operates data centers 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 a metaverse platform, oil exploration, crane
services, defense/aerospace, industrial, automotive,
medical/biopharma, consumer electronics, and textiles.

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.

As of June 30, 2024, the Company had $270.78 million in total
assets, $243.70 million in total liabilities, $795,000 in
redeemable non-controlling interests in equity of subsidiaries, and
$26.28 million in total stockholders' equity.


HYPERSCALE DATA: Unit Sells St. Petersburg Property for $13-Mil.
----------------------------------------------------------------
Hyperscale Data, Inc., announced on December 16, 2024, that its
wholly owned indirect subsidiary, Third Avenue Apartments LLC, has
completed the sale of its St. Petersburg development property for
$13 million.

This sale reflects the Company's ongoing commitment to reorganizing
its holdings and becoming a pureplay data center business to
support the growing demands of high-performance computing services
powering Artificial Intelligence solutions. Approximately $11
million of the funds received from the sale of the Property will be
held in a segregated account bringing the balance of the segregated
account to approximately $18.3 million. The segregated account was
established in December 2023 because of the Company's guarantee
obligations. The Company is currently in discussions with the
principal lender to allow for a cash dividend for the amount of the
proceeds held in the segregated account to our holders of common
stock and Series C convertible preferred stock on an as-converted
basis.

Hyperscale Data Executive Chairman, Milton "Todd" Ault III, stated,
"As we previously told stockholders, this is a step in the right
direction for the Company and its future as we focus our energy on
our data center operations. We are encouraged with the progress of
our discussions with the principal lender and anticipate that the
proceeds from the sale will ultimately result in a cash dividend
and, to a lesser extent, for working capital purposes. We remain
excited for the community of St. Petersburg and are confident that
new ownership will deliver a marquee development to the area."

For more information on Hyperscale Data and its subsidiaries,
Hyperscale Data recommends that stockholders, investors, and any
other interested parties read Hyperscale Data's public filings and
press releases available under the Investor Relations section at
hyperscaledata.com or available at www.sec.gov.

                        About Hyperscale Data

Hyperscale Data, Inc., formerly known as Ault Alliance, Inc., is a
diversified holding company pursuing growth by acquiring
undervalued businesses and disruptive technologies with a global
impact. Through the Company's wholly and majority-owned
subsidiaries and strategic investments, the Company owns and/or
operates data centers 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 a metaverse platform, oil exploration, crane
services, defense/aerospace, industrial, automotive,
medical/biopharma, consumer electronics, and textiles.

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.

As of June 30, 2024, the Company had $270.78 million in total
assets, $243.70 million in total liabilities, $795,000 in
redeemable non-controlling interests in equity of subsidiaries, and
$26.28 million in total stockholders' equity.


INGENOVIS HEALTH: $675MM Bank Debt Trades at 41% Discount
---------------------------------------------------------
Participations in a syndicated loan under which Ingenovis Health
Inc is a borrower were trading in the secondary market around 59.3
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $675 million Term loan facility is scheduled to mature on March
6, 2028. About $652.1 million of the loan has been drawn and
outstanding.

Ingenovis Health is an Ohio based temporary healthcare staffing
agency providing nurses on assignments to hospitals and medical
centers, including both traditional and fast response staffing,
across the US. The company also supplies nurses during strikes and
provides interventional cardiologists for rural and remote
hospitals. Ingenovis is majority owned by Cornell and Trilantic
Capital Partners (the Investor Group).


INSOURCE SUPPLIES: Gets Green Light to Use Cash Collateral
----------------------------------------------------------
Insource Supplies, LLC got the green light from the U.S. Bankruptcy
Court for the Southern District of New York to use cash
collateral.

The court approved a stipulation allowing Insource Supplies to use
cash collateral pending confirmation of its amended Chapter 11 plan
of reorganization.

CF Bank, which holds a first lien on the company's pre-bankruptcy
accounts receivable, was granted a secured claim of $1.5 million.
This claim will be treated under the company's plan, with monthly
payments over 60 months.

CF Bank received a replacement lien on the post-petition accounts
receivable, excluding the company's avoidance claims and subject to
a carve-out for certain administrative expenses. As additional
protection, the bank will receive a monthly payment of $10,000
until plan confirmation.

                    About Insource Supplies

Insource Supplies, LLC is a New York-based medical supply company
operating mainly in the secondary market. It was first organized in
2020 and was able to immediately capitalize on the demand for
personal protective equipment (e.g. gloves and masks) arising out
of the Covid-19 pandemic.

Insource Supplies filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 24-10571) on April
2, 2024, with $1 million to $10 million in both assets and
liabilities.

Judge John P. Mastando, III oversees the case.

J. Ted Donovan, Esq., at Goldberg Weprin Finkel Goldstein, LLP, is
the Debtor's legal counsel.


INTRUSION INC: Extends Warrant Inducement Program to December 27
----------------------------------------------------------------
As previously reported, on November 21, 2024, the Company's Board
of Directors  approved entry into an inducement letter that
provides, during the period beginning on November 21, 2024, and
continuing through December 19, 2024, for the lowering of the
exercise price of the Warrants and, for each share of common stock
exercised under the Warrants, providing the participating holder
with a new warrant for that same number of shares of common stock.

The "Warrants" consisted of those certain common stock purchase
warrants to purchase:

     (i) up to 52,482 shares of Intrusion's common stock,
originally issued on or around September 14, 2022,
    (ii) up to 261,968 shares of Intrusion's common stock,
originally issued on or around November 8, 2023,
   (iii) up to 186,496 shares of Intrusion's common stock,
originally issued on or around April 2, 2024, and
    (iv) up to 2,697,136 shares of Intrusion's common stock,
originally issued on or around April 22, 2024.

With the Board's consent effective December 17, 2024, the Warrant
Exercise Inducement Program was extended from December 19, 2024,
until December 27, 2024. All other terms as provided in the
Inducement Letter remain unchanged.

                         About Intrusion

Headquartered in Plano, Texas, Intrusion Inc. offers businesses of
all sizes and industries products and services that leverage the
Company's exclusive threat intelligence database of over 8.5
billion IP addresses and domain names. After many years of
gathering intelligence and providing its INTRUSION TraceCop and
Savant solutions exclusively to government entities, the Company
released its first commercial product in 2021, the INTRUSION
Shield. INTRUSION Shield was designed to allow businesses to
incorporate a Zero Trust, reputation-based security solution into
their existing infrastructure to observe traffic flow and instantly
block known malicious or unknown connections from both entering or
exiting a network, making it an ideal solution for protecting from
Zero-Day and ransomware attacks.

Dallas, Texas-based Whitley Penn LLP, the Company's auditor since
2009, issued a "going concern" qualification in its report dated
April 1, 2024, citing that the Company has suffered recurring
losses from operations, negative cash flows from operations, and
has a net working capital deficiency that raise substantial doubt
about its ability to continue as a going concern.

For the fiscal years ended December 31, 2023, and 2022, Intrusion
reported net loss of approximately $13.9 million and $16.2 million,
respectively.


IVANTI SOFTWARE: $465MM Bank Debt Trades at 20% Discount
--------------------------------------------------------
Participations in a syndicated loan under which Ivanti Software Inc
is a borrower were trading in the secondary market around 80.3
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $465 million Term loan facility is scheduled to mature on
December 1, 2027. About $449.1 million of the loan has been drawn
and outstanding.

Ivanti is an IT Software Company headquartered in South Jordan,
Utah. It produces software for IT Security, IT Service Management,
IT Asset Management, Unified Endpoint Management, Identity
Management and supply chain management.


IVANTI SOFTWARE: $545MM Bank Debt Trades at 43% Discount
--------------------------------------------------------
Participations in a syndicated loan under which Ivanti Software Inc
is a borrower were trading in the secondary market around 57.5
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $545 million Term loan facility is scheduled to mature on
December 1, 2028. The amount is fully drawn and outstanding.

Ivanti is an IT Software Company headquartered in South Jordan,
Utah. It produces software for IT Security, IT Service Management,
IT Asset Management, Unified Endpoint Management, Identity
Management and supply chain management.


JAMES JOSEPH: Behrooz Vida Named Subchapter V Trustee
-----------------------------------------------------
The U.S. Trustee for Region 6 appointed Behrooz Vida, Esq., at the
Vida Law Firm, PLLC as Subchapter V trustee for James Joseph
Sanctified Spirits, LLC.

Mr. Vida will be paid an hourly fee of $495 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Behrooz P. Vida, Esq.
     The Vida Law Firm, PLLC
     3000 Central Drive
     Bedford, TX 76021
     Telephone: (817) 358-9977
     Facsimile: (817) 358-9988
     Email: behrooz@vidalawfirm.com

               About James Joseph Sanctified Spirits

James Joseph Sanctified Spirits, LLC is in the business of whiskey
manufacturing in Southlake, Texas.

James Joseph sought relief under Subchapter V of Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 24-44468) on
December 2, 2024. Amir Giryes, manager of James Joseph, signed the
petition.

As of November 27, 2024, James Joseph reported total assets of
$3,942,406 and total liabilities of $3,575,009.

Judge Mark X. Mullin oversees the case.

The Debtor is represented by:

     J. Robert Forshey, Esq.
     Forshey Prostok, LLP
     777 Main Street Suite 1550
     Fort Worth TX 76102
     Tel: (817) 877-4223
     Email: bforshey@forsheyprostok.com


JAZ NCR: Seeks to Hire Bernstein-Burkley as Bankruptcy Counsel
--------------------------------------------------------------
JAZ NCR LLC seeks approval from the U.S. Bankruptcy Court for the
Western District of Pennsylvania to employ Bernstein-Burkley, P.C.
as counsel.

The firm will provide these services:

     (a) provide the Debtor legal advice with respect to its powers
and duties;

     (b) prepare on behalf of the Debtor legal documents; and

     (c) perform all other legal services for the Debtor.

The firm's hourly rates are:

     Attorneys     $225 - $625
     Paralegals    $150 - $195

The firm received a retainer in the amount of $35,000.

Kirk B. Burkley, Esq., an attorney at Bernstein-Burkley, 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:

     Kirk B. Burkley, Esq.
     BERNSTEIN-BURKLEY, P.C.
     601 Grant Street 9th Floor
     Pittsburgh, PA 15219
     Tel: (412) 456-8100
     E-mail: kburkley@bersteinlaw.com

                About JAZ NCR LLC

JAZ NCR LLC filed its voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 24-22804) on
November 14, 2025, listing $1 million to $10 million in assets and
$100 million to $500 million in liabilities. The petition was
signed by D. Scott Kroh as manager.

Judge Gregory L Taddonio presides over the case.

Kirk B. Burkley, Esq. at BERNSTEIN-BURKLEY, P.C. represents the
Debtor as counsel.


JELD-WEN HOLDING: S&P Downgrades ICR to 'B+', Outlook Stable
------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on JELD-WEN
Holding Inc. to 'B+' from 'BB-'. At the same time, S&P lowered its
issue-level ratings on the company's senior secured debt and its
senior unsecured debt to 'BB' from 'BB+' and 'B+' from 'BB-',
respectively.

S&P said, "The stable outlook reflects our expectation that
JELD-WEN's S&P Global Ratings-adjusted debt to EBITDA will remain
6.0x-7.0x in 2025 as the subdued level of new construction and R&R
activity continues to impair its volumes.

"JELD-WEN's reduced EBITDA margins significantly elevated its
leverage, and we expect it to remain elevated through 2025.
JELD-WEN's lower volumes, driven primarily by the underlying
housing conditions, reduced its EBITDA and compressed its EBITDA
margins in 2024. As of Sept. 28, 2024, the company's S&P Global
Ratings'-adjusted RTM EBITDA margin declined to about 5% compared
with 8% during the same period in 2023 as the company continues to
experience product mix headwinds. These are due to customers
trading down to entry-level price points amid the current
macroeconomic backdrop.

"As a result, the company's S&P Global Ratings-adjusted RTM debt to
EBITDA as of Sept. 30, 2024, elevated to 6.5x from 3.0x for the
same period in 2023. We expect volume headwinds and product-mix
shift challenges to continue through 2025. Therefore, we forecast
its S&P Global Ratings-adjusted debt to EBITDA will be 6.0x-7.0x
over the next 12 months.

"Despite our expectation of negative free operating cash flow
(FOCF) in 2025, we view JELD-WEN's liquidity position as adequate.
As of September 2024, the company's FOCF as a percentage of debt
was 3.7% on a RTM basis, compared with 27.9% during the same period
in September 2023. In 2025, we expect the company's cash flow to be
negative as it continues to invest in its transformation
initiatives. While we note the increase in expected capital
expenditure for the transformation investments and their effect on
its FOCF, we believe the investments will be a positive for
operating performance beyond 2025. That said, we forecast
JELD-WEN's FOCF as a percentage of debt to be negative 3.4% in
2025.

"The stable outlook on JELD-WEN reflects our belief that its S&P
Global Ratings-adjusted leverage will remain 6.0x-7.0x and its
EBITDA interest coverage will remain above 2x over the next 12
months as its demand remains weak amid the challenging
macroeconomic environment.

"We could lower our ratings on JELD-WEN over the next 12 months if
its S&P Global Ratings-adjusted leverage rises and remains above 7x
or its EBITDA interest coverage falls below 1.5x on a sustained
basis.

"Although unlikely in the next 12 months, we could raise our
ratings on JELD-WEN if it demonstrates a significant increase in
its earnings such that its debt to EBITDA improves to the lower end
of the 4.0x-5.0x range and FOCF is positive."



JJJ CONTRACTING: Unsecured Creditors to Split $30K in Plan
----------------------------------------------------------
JJJ Contracting, LLC filed with the U.S. Bankruptcy Court for the
Middle District of Tennessee a Chapter 11 Plan of Reorganization
dated December 9, 2024.

The Debtor is a full-service commercial and residential general
contractor based in Antioch, Tennessee. It holds a Class BC
unlimited contractor's license with the State of Tennessee.

The Debtor also maintains an extensive network of high-quality
subcontractors. The Debtor is managed by its owners, the brothers
Jeff and Jon Juengling.

The Debtor's insolvency was proximately caused by two projects in
2023. In the middle of that year, the Debtor was working on a large
project, and it was scheduled to begin an approximately $7 million
project in January 2024. At that time, the Debtor was substantially
reliant on the existing and anticipated future receipts to be
generated from those two projects. To ensure its availability, the
Debtor turned down several other revenue generating jobs to prepare
for and accommodate these two large projects. However, the first
project, scheduled to be completed by December 2023, was paused and
could not resume until much later in 2024. The second project has
been postponed until 2025.

The Debtor can cash flow. It has historically done so. It cannot do
so, however, while also paying its exorbitant payments under the
MCA loans, which it had to take to bridge the short-term income
shock from the customer-caused delay in the two large projects.
These issues necessitated relief under Chapter 11, Subchapter V of
the Bankruptcy Code.

The Debtor's financial projections show that the Debtor will have
projected disposable income of $699,519.68. The Plan provides for
distributions to claimants in excess of this amount.

This Plan of Reorganization under Chapter 11 of the Code proposes
to pay the creditors of the Debtor from cash flow from business
operations.

Non-priority unsecured creditors holding allowed claims will
receive pro rata distributions totaling $30,000.00 to the class.
This Plan also provides for the payment of administrative and
priority claims.

Class 6 shall consist of the allowed unsecured claims not entitled
to priority and not expressly included in the definition of any
other class. The Plan provides a pool of $30,000.00 to be paid
pro-rata to the claimholders in this class. There shall be four
lump-sum payments (for a total disbursement of $20,000.00) paid
prorata to the claimholders in this class as follows:

     * $10,000 to be paid on or before the second anniversary of
the Effective Date;

     * $10,000 to be paid on or before the third anniversary of the
Effective Date;

     * $10,000 to be paid on or before the fourth anniversary of
the Effective Date.

Class 7 shall consist of the membership interests in the Debtor.
Jon and Jeff Juengling shall retain their respective equity
interests in the Debtor to the same extent as they existed prior to
the Petition Date.

The Debtor will continue to operate to generate revenue to fund the
Plan. To the extent the Debtor experiences any income or expense
shocks during the term of Plan performance, the Debtor may
supplement its revenue with recoveries on retained claims,
including but not limited to recovery of Avoidance Actions.

A full-text copy of the Plan of Reorganization dated December 9,
2024 is available at https://urlcurt.com/u?l=Yr5xEe from
PacerMonitor.com at no charge.

Counsel for the Debtor:

     R. Alex Payne, Esq.
     Henry E. ("Ned") Hildebrand, IV, Esq.
     Dunham Hildebrand Payne Waldron, PLLC
     9020 Overlook Boulevard, Suit 316
     Brentwood, TN 37027
     Telephone: (629) 777-6529
     Email: alex@dhnashville.com

                    About JJJ Contracting

JJJ Contracting, LLC is a construction company that offers planning
and design, construction management, building construction,
renovation and repair, landscape and outdoor living, and demolition
services.

JJJ sought relief under Subchapter V of Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Tenn. Case No. 24-03462) on September
9, 2024, with total assets of $451,690 and total liabilities of
$3,248,479. Jeff Juengling, company owner, signed the petition.

Judge Charles M. Walker oversees the case.

The Debtor is represented by R. Alex Payne, Esq., at Dunham
Hildebrand Payne Waldron, PLLC.


JJK PROPERTIES: Gets Interim OK to Use Cash Collateral
------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas,
Houston Division granted JJK Properties, LLC interim authorization
to use cash collateral in accordance with the company's projected
budget.

The budget outlines the company's projected expenses for a 30-day
period, which is $62,300.

As adequate protection, secured creditors were granted replacement
liens on all post-petition cash collateral and post-petition
acquired property of JJK to the same extent and with the same
priority as their pre-bankruptcy liens.

The order is without prejudice to any subsequent request by a
creditor for modified adequate protection or restriction on cash
collateral.

The final hearing is scheduled for Jan. 21, 2025, at 11:00 a.m.
(Central Standard Time).

                        About JJK Properties LLC

JJK Properties, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Texas Case No. 24-35845) with $50,001
to $100,000 in assets and $500,001 to $1 million in liabilities.

Judge Eduardo V Rodriguez oversees the case.

The Debtor is represented by:

   Robert C. Lane, Esq.
   The Lane Law Firm
   Tel: 713-595-8200
   Email: notifications@lanelaw.com


JUNK SHUTTLE: Gets Interim OK to Use Cash Collateral
----------------------------------------------------
Junk Shuttle, LLC received interim approval from the U.S.
Bankruptcy Court for the Eastern District of Virginia, Richmond
Division, to use cash collateral.

The company requires the use of cash collateral to pay vendors;
meet ongoing operational expenses, including wages; maintain in
effect insurance policies; preserve and protect its assets; and pay
obligations critical to continuing the operation of its business.

Junk Shuttle specializes in house cleanouts, debris removal, and
light demolition. Known for its customer-centric approach, the
company prioritizes immediate communication, state-of-the-art
invoicing, and top-notch service.

While the business experienced initial growth, the COVID-19
pandemic significantly impacted its operations. To recover, Junk
Shuttle secured loans and made strategic investments, including
purchasing a new vehicle and establishing a warehouse facility.
However, the financial burden of these transactions and ongoing
operational costs proved unsustainable.

To reorganize its debts and operations, Junk Shuttle filed for
Chapter 11 bankruptcy. The company aims to continue serving the
community and providing essential services, while also ensuring the
long-term viability of the business.

Ascendus, Inc., Cadence Bank, and CHTD Company, as representative
to On Deck Capital, Inc., assert an interest in the cash
collateral.

As adequate protection, Junk Shuttle will provide the creditors
with replacement liens in its post-petition assets to the same
extent and with the same validity and priority as their
pre-bankruptcy liens.

The final hearing is set for Feb. 12, 2025.

                    About Junk Shuttle LLC

Junk Shuttle LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Va. Case No. 24-34738) on December 16,
2024. In the petition signed by Timothy B. Wiley, sole member, the
Debtor disclosed up to $100,000 in assets and up to $1 million in
liabilities.

Lynn L. Tavenner, Esq., at Tavenner & Beran, PLC, represents the
Debtor as legal counsel.




KAL FREIGHT: U.S. Trustee Appoints Creditors' Committee
-------------------------------------------------------
The U.S. Trustee for Region 7 appointed an official committee to
represent unsecured creditors in the Chapter 11 case of Kal
Freight, Inc.

The committee members are:

     1. Donaldson Company, Inc.
        1400 West 94th Street
        Bloomington, MN 55431
        Scott Woitas
        (952) 887-3160
        scott.woitas@donaldson.com

     2. Maxam Tire North America, Inc.
        300 Rosewood Dr., Suite 102
        Danvers, MA 01923
        Troy Kline
        (978) 489-9013
        troy.kline@maxamtirena.com

     3. Continental Tire the Americas, LLC
        1830 MacMillan Park Dr.
        Fort Mill, SC 29707
        Todd Currier
        (708) 567-7504
        todd.currier@conti-na.com

     4. 3G Sillect Partners LP
        3401 N. Sillect Avenue
        Bakersfield, CA 93308
        Jon Gergen
        (714) 651-7757
        jgergen714@gmail.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 Kal Freight Inc.

Established in 2014, Kal Freight Inc. is a trucking company that
offers a complete range of transportation and logistics services to
diverse industries across the United States. It has strategic
locations across the United States with extended distribution
warehouses and terminals in Fontana, Calif., Texas, New Jersey,
Indiana, Tennessee, Georgia, Arizona and Arkansas.

Kal Freight filed Chapter 11 petition (Bankr. S.D. Texas Case No.
24-90614) on December 5, 2024, with $100 million to $500 million in
both assets and liabilities.

Judge Christopher M. Lopez oversees the case.

The Debtor tapped Pachulski Stang Ziehl & Jones, LLP as legal
counsel; Development Specialists, Inc. as interim management
services provider; and Stretto, Inc. as claims and noticing agent.


KENNEDY-WILSON HOLDINGS: S&P Lowers ICR to 'B+', Outlook Stable
---------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on
Kennedy-Wilson Holdings Inc. to 'B+' from 'BB-'. At the same time,
S&P lowered its issue-level rating on Kennedy-Wilson Inc.'s (KW's)
senior unsecured notes to 'B' from 'B+', with the recovery rating
remaining '5', and its issue-level rating on Kennedy Wilson Europe
Real Estate PLC's (KWE's) senior unsecured notes to 'BB-' from
'BB', with the recovery rating remaining ‘2'. In addition, S&P
lowered its issue-level rating on Kennedy-Wilson's preferred stock
to 'CCC+' from 'B-'.

S&P said, "The stable outlook reflects our view that
Kennedy-Wilson's key credit protection metrics will remain near
current levels over the next 12 months. Furthermore, we expect
steady property-level operating performance and the continued
growth of its co-investment portfolio."

Kennedy-Wilson's key credit metrics have remained weak due to lower
gains on asset sales. As of Sept. 30, 2024, the company's S&P
Global Ratings-adjusted debt to EBITDA was 18.2x, an increase from
15.1x a year prior. Its fixed-charge coverage (FCC) declined to
1.2x from 1.5x over the same time frame. The company generated
gains on real estate sales in its consolidated portfolio of $338
million in 2020 and $412.7 million in 2021. However, that number
dropped to $103.7 million in 2022, $127.6 million in 2023, and
$112.8 million through the first nine months of 2024.
Kennedy-Wilson generated more than 50% of its S&P Global
Ratings-adjusted EBITDA from gains on asset sales from 2018 through
2021, and the recent decline has led to a deterioration of its key
credit metrics.

S&P doesn't typically consider gains on asset sales as part of
EBITDA for real estate companies but consider it a core part of
Kennedy-Wilson's business strategy, supported by its sizable asset
management platform and the recurring and material volume of these
gains. This source of EBITDA is inherently more volatile than
EBITDA from rental revenue, which accounts for most of EBITDA for
its real estate peers.

S&P said, "We expect the company's key credit metrics to improve
modestly due to organic EBITDA growth and debt repayment (the
company redeemed EUR175 million of its KWE notes in December with
the remaining EUR300 million expected to be repaid with proceeds
from asset sales in 2025). Additionally, the company's recent
dividend cut (saving approximately $66 million annually) will free
up cash flow and improve liquidity. However, we expect gains on
asset sales to remain in line with the past couple of years,
limiting more material improvement, and for leverage to remain
elevated. Furthermore, we expect the company's credit protection
metrics to be more volatile than other rated real estate operating
companies. As such, we revised our assessment of Kennedy-Wilson's
financial risk profile to highly leveraged from aggressive.

"We expect the company's co-investment portfolio to continuing
growing, resulting in an increase in investment management fees.
The growth of its fee-bearing capital has been a key focus for the
company in recent years and has more than doubled since 2020 to
$8.8 billion. The company's debt platform has been an area of
emphasis since its Pacific Western Bank transaction in 2023 and
accounts for $4.9 billion of fee-bearing capital as of the end of
the third quarter. Concurrently, its investment management fees
have roughly quadrupled since 2020 to an estimated $100 million in
2024. The company recently announced a new partnership with the
Canada Pension Plan Investment Board, launching a new single-family
rental housing joint venture in the U.K., further expanding its
footprint in residential assets. With a pipeline of approximately
$6 billion of capital from announced platforms and future fundings,
we expect the growth of its co-investment portfolio and fee-bearing
capital to remain a primary focus for Kennedy-Wilson over the next
few years.

"We expect operating performance across the company's real estate
assets to remain stable. Kennedy-Wilson's multifamily portfolio
continues to perform well, with third-quarter net operating income
(NOI) growth of 3% year over year and 2.6% growth for the
year-to-date period. Its European office portfolio has also seen
steady performance with NOI growth of approximately 2% and
occupancy at 93%. These two portfolios account for the bulk of the
company's NOI and we expect organic growth in the low-single-digit
percent range to persist, with the lease-up of development projects
also contributing to earnings growth.

"The stable outlook reflects our view that Kennedy-Wilson's key
credit protection metrics will improve modestly but remain
pressured over the next 12 months. Furthermore, we expect steady
property-level operating performance and the continued growth of
its co-investment portfolio."

S&P could lower the rating on Kennedy-Wilson if its:

-- Operating performance is well below our expectations and
compares unfavorably to peers;

-- Key credit protection metrics deteriorate materially from
current levels; or

-- Liquidity is constrained, perhaps due to covenant pressure.

S&P could also lower the issue-level ratings on Kennedy-Wilson's
unsecured debt if recovery prospects for bondholders decrease below
70% for the KWE bonds or below 10% for the KW bonds, likely a
result of an increase in the use of secured debt.

S&P could raise the rating on Kennedy-Wilson if:

-- Its S&P Global Ratings-adjusted debt to EBITDA is sustained
below 13x with FCC above 1.3x and the company increases its
proportion of stable rental earnings; and

-- The company materially increases the size of its consolidated
real estate portfolio with its asset quality remaining comparable
to peers.

S&P could also raise the issue-level rating on the KW bonds if
recovery prospects for bondholders increase above 30%.



KFH RECKER: Gets OK to Hire Mark J. Giunta as Bankruptcy Counsel
----------------------------------------------------------------
KFH Recker & McKellips LLC received approval from the U.S.
Bankruptcy Court for the District of Arizona to hire the Law Office
of Mark J. Giunta as counsel.

The firm's services include:

     a. furnishing legal advice with respect to the powers and
duties of debtor-in-possession in the continued operation of its
affairs and management of its property;

     b. preparing necessary applications, answers, orders, reports,
motions and other legal papers; and

    c. performing all other legal services for which may be
necessary herein.

The firm will be paid at these rates:

     Mark J. Giunta        $525 per hour
     Senior Associate      $350 per hour
     Associate             $275 per hour
     Legal Assistant       $125 per hour

The firm held a retainer of $25,000.

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

Mark J. Giunta, a partner at Law Office of Mark J. Giunta,
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:

         Mark J. Giunta, Esq.
         Liz Nguyen, Esq.
         Law Office of Mark J. Giunta
         531 East Thomas Road, Suite 200
         Phoenix, AZ85012
         Tel: (602) 307-0837
         Fax: (602) 307-0838
         Email: markgiunta@giuntalaw.com
                liz@giuntalaw.com

       About KFH Recker & McKellips

KFH Recker & McKellips LLC is a Single Asset Real Estate debtor (as
defined in 11 U.S.C. Section 101(51B)).

KFH sought relief under Subchapter V of Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Ariz. Case No. 24-07417) on September 5,
2024, with $1 million to $10 million in both assets and
liabilities. Aaron Klusman, manager of KFH, signed the petition.

Judge Paul Sala handles the case.

The Debtor is represented by Gerald L. Shelley, Esq., at Fennemore
Craig, P.C.


KINGDOM EMPOWERMENT: Richard Furtek Named Subchapter V Trustee
--------------------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed Richard Furtek of
Furtek & Associates, LLC as Subchapter V trustee for Kingdom
Empowerment International Ministry.

Mr. Furtek will be paid an hourly fee of $325 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

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

The Subchapter V trustee can be reached at:

     Richard E. Furtek
     Furtek & Associates, LLC
     Lindenwood Corporate Center
     101 Lindenwood Drive, Suite 225
     Malvern, PA 19355
     Phone: (215) 768-8030
     Email: rfurtek@furtekassociates.com

         About Kingdom Empowerment International Ministry

Kingdom Empowerment International Ministry is a Pennsylvania
non-profit corporation.

Kingdom Empowerment International Ministry filed its voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
E.D. Pa. Case No. 24-14289) on Nov. 29, 2024, listing $1 million to
$10 million in both assets and liabilities. Margufta Bellevue,
president of Kingdom Empowerment International Ministry, signed the
petition.

Judge Patricia M. Mayer presides over the case.

Dimitri L. Karapelou, Esq., at Musi, Merkins, Daubenberger & Clark,
LLP represents the Debtor as legal counsel.


KRATON CORP: S&P Alters Outlook to Stable, Affirms 'B' ICR
----------------------------------------------------------
S&P Global Ratings revised its outlook on Kraton Corp. to stable
from negative. S&P affirmed the 'B' issuer credit rating. At the
same time, S&P revised the recovery rating on the Korean term loan
to '1' (rounded estimate: 95%) from '2' and raised the issue-level
rating to 'BB-' from 'B+'.

Subsequently, S&P withdrew all ratings on Kraton at the issuer's
request.

S&P said, "The outlook revision reflects our expectation that
Kraton's earnings will continue to improve in 2025. Kraton
significantly improved its performance in 2024 due to increased
demand and price increases across both of its Polymers and Pine
Chemicals segments. We now expect credit metrics such as S&P Global
Ratings-adjusted debt to EBITDA will be slightly below 6x, which is
appropriate for the 'B' rating.

"Following the outlook revision, we withdrew all ratings on Kraton.
At the issuer's request, we withdrew all ratings, including our 'B'
issuer credit rating, on Kraton Corp. The outlook was stable at the
time of withdrawal."



KULR TECH: To Launch K1S Space Battery in 2026
----------------------------------------------
KULR Technology Group, Inc., a leader in advanced energy management
platforms, proudly announced its plans to launch the KULR ONE Space
(K1S) battery via launch integrator Exolaunch on a SpaceX rideshare
mission scheduled for 2026. This mission represents a pivotal
milestone in KULR's ongoing commitment to developing safer and
higher-performing battery systems tailored for space applications
for a space battery market that is expected to grow from $3.9B to
$6.35B by 2030 per Virtue Market Research.

This pathfinder mission will integrate multiple configurations of
the KULR ONE Space (K1S) battery into a 6U SmallSat. A 6U SmallSat
is a lightweight satellite with a standardized structure measuring
approximately 10 cm x 20 cm x 30 cm, built using durable materials
like aluminum or carbon-fiber composites to endure the extreme
conditions of space. The K1S battery configurations have been
carefully selected to demonstrate cell and pack performance, as
well as electronic functionality in orbital environments. This
mission will also validate the flight capabilities of the K1S, the
first commercial-off-the-shelf (COTS) lithium-ion battery series
engineered to fully comply with NASA's JSC 20793 battery safety
standard.

Key highlights of the K1S rideshare mission include:

     * Integration of top cells from leading cell manufactures: The
K1S variations will feature state-of-the-art 18650 cells delivered
by top-tier original equipment manufacturers (OEMs), including LG,
Samsung, Amprius, and MOLICEL.

     * Utilization of cells strategically selected by NASA: One of
the K1S systems incorporated into the mission will be constructed
with MOLICEL 18650-M35A cells with associated NASA Initial Lot
Assessment (ILA), Lot Acceptance Testing (LAT), and WI-37A Cell
Screening, previously referred to by KULR as the "Golden Lot".

     * Incorporation of next generation low-temperature cell
technology: If feasible, a version of the K1S architecture will
include ultra-low-temperature performing cells capable of operating
at -60°C without integrated heaters, further demonstrating KULR's
innovative advancements.

     * Advanced battery management system: The mission will also
showcase KULR's newly developed battery management system (BMS)
architecture, which provides a COTS solution designed to meet the
stringent safety requirements of the 20793 standards.

     * Gaining flight heritage for commercialized variations of
safe battery architectures: The K1S batteries are engineered with
passive propagation resistance and flame-arresting technology,
delivering safer and higher-performing systems at a fraction of the
cost compared to traditional 20793-compliant batteries. This
rideshare mission will provide additional flight heritage to the
architectures developed by the KULR team.

Dr. William Walker, KULR Chief Technology Officer, and Peter
Hughes, KULR Vice President of Engineering, jointly stated, "the
upcoming mission will serve as a platform to showcase the
exceptional capabilities of KULR's cutting-edge battery solutions,
reinforcing the Company's position as a leader in advanced energy
technologies for space and aerospace applications. The mission
aligns with KULR's ongoing efforts to revolutionize the space
industry by offering reliable and high-performance energy solutions
that meet the most stringent safety standards, all while reducing
costs for customers."

"We are excited to bring our KULR ONE Space batteries to orbit on
this rideshare mission," said Michael Mo, CEO of KULR Technology
Group. "This mission underscores our commitment to providing safer,
more efficient, and cost-effective battery solutions for the most
demanding environments. With the integration of next-generation
cells and our advanced BMS architecture, we are setting a new
standard for COTS battery technology in space."

                    About KULR Technology Group

KULR Technology Group Inc. -- www.kulrtechnology.com -- delivers
cutting edge energy storage solutions for space, aerospace, and
defense by leveraging a foundation of in-house battery design
expertise, comprehensive cell and battery testing suite, and
battery fabrication and production capabilities. The Company's
holistic offering allows delivery of commercial-off-the-shelf and
custom next generation energy storage systems in rapid timelines
for a fraction of the cost compared to traditional programs.

Los Angeles, Calif.-based Marcum LLP, the Company's auditor since
2018, issued a "going concern" qualification in its report dated
April 12, 2024, citing that the Company has a working capital
deficit, has incurred losses from operations, 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.

During the year ended December 31, 2023, KULR Technology Group
incurred a net loss of $23,693,556. As of September 30, 2024, KULR
Technology Group had $12,354,812 in total assets, $7,180,785 in
total liabilities, and $5,174,027 in total stockholders' equity.


LOPAREX MIDCO: EUR186MM Bank Debt Trades at 29% Discount
--------------------------------------------------------
Participations in a syndicated loan under which Loparex Midco BV is
a borrower were trading in the secondary market around 71.5
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The EUR186 million Term loan facility is scheduled to mature on
August 3, 2026. The amount is fully drawn and outstanding.

Loparex is a provider of release liners. Based in the Netherlands,
Loparex Midco B.V. operates as a financial holding company
incorporated in 2019. The majority of the Company's end market
sales come from graphic arts, tapes, industrial, and medical.
Labelstock, hygiene, and composites accounts for a smaller portion
of end market sales.


MAGENTA SECURITY: $1.07BB Bank Debt Trades at 39% Discount
----------------------------------------------------------
Participations in a syndicated loan under which Magenta Security
Holdings LLC is a borrower were trading in the secondary market
around 61.1 cents-on-the-dollar during the week ended Friday,
December 20, 2024, according to Bloomberg's Evaluated Pricing
service data.

The $1.07 billion Term loan facility is scheduled to mature on July
27, 2028. The amount is fully drawn and outstanding.

Magenta Security Holdings LLC operates as a holdings company that
was formed to hold a substantial portion of the overall Magenta
Buyer LLC's collateral.


MARTINEZ PALLET: Unsecureds Will Get 59% of Claims over 5 Years
---------------------------------------------------------------
Martinez Pallet Services, Inc., filed with the U.S. Bankruptcy
Court for the Eastern District of California a First Amended Plan
of Reorganization dated December 10, 2024.

The Debtor is a California corporation formed in 2019 and owned and
operated between three family members, Francisco Mora Martinez,
Adela Espinoza Sanchez and Jose De Jesus Mora Martinez. Debtor's
business manufactures and sells wood pallets by buying new wood
material and donated recycled wood it receives from various
businesses.

The Debtor operates from its commercial property located at 3925 W.
Linwood Avenue, Turlock, California 95380 (the "Turlock Property").
The Turlock Property can be described as 19.75 acre lot of
industrial ground with a modest single family residence with three
bedroom, two-half bath currently being used as the Debtor's office,
with an estimated fair market value of $3.159 million.

The Debtor's financial projections show that the Debtor will have
projected disposable income of $1,913,619. The final Plan payment
is expected to be paid at the end of the fifth year of the
Effective Date.

This Plan of Reorganization proposes to pay creditors of the Debtor
from future disposable income for a period of 60 months received
from Debtor's operation of its pallet manufacturing business.

This Plan provides for two classes of secured non-priority claims;
one class of unsecured non-priority general claims and one class of
Debtor's equity holder's claim. This Plan also provides for the
payment of administrative claims and priority claims.

Class 3 consists of Unsecured Nonpriority Claims. The Debtor
estimates that the total amount of general unsecured claims to be
approximately $923,932.21 The Debtor shall pay $545,100 or 59% of
allowed unsecured claims over five years from the Effective Date of
the Plan. On the first day of the month following the month in
which the Effective Date of the Plan occurs, the Debtor shall begin
either monthly or quarterly payments on the Class 5 Unsecured
Nonpriority Claims. This Class is impaired.

Class 6 consists of Equity Holders: Adela Espinoza Sanchez;
Francisco Mora Martinez; and Jose De Jesus Mora Martinez. Equity
Security Holders shall not receive a dividend until the payments
contemplated by this Plan are completed. However, Equity Security
Holders may receive payment for their services to the Debtor. In
the event that an Equity Security Holder forgoes postconfirmation
pay that pay shall accrue to the Equity Security Holder as a post
confirmation liability payable when cash flow permits or upon the
sale or transfer of the Debtor.

The Debtor shall fund the Plan with the proceeds and profits from
operating its pallet manufacturing business.

On the Effective Date, all assets of the Debtor's estate, including
all real and personal property, all causes of action, interests,
claims, choses in action, and rights under any contracts (executory
or otherwise), against any person will re vest and be transferred
to the post-Effective Date Debtor. However, if this Plan is
confirmed pursuant to Section 1191(b) of the Bankruptcy Code the
assets of the estate, including property acquired and earnings
received after Plan confirmation will remain property of the estate
until the Debtor receives a discharge.

A full-text copy of the First Amended Plan dated December 10, 2024
is available at https://urlcurt.com/u?l=2F6jAz from
PacerMonitor.com at no charge.

Counsel to the Debtor:

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

                 About Martinez Pallet Services

Martinez Pallet Services, Inc., is a pallet supplier in Turlock,
Calif.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. E.D. Cal. Case No. 24-90343) on June 21,
2024, with up to $50,000 in assets and up to $10 million in
liabilities. Francisco Mora Martinez, president, signed the
petition.

Judge Ronald H. Sargis presides over the case.

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


MATCH GROUP: Moody's Affirms 'Ba2' CFR, Outlook Stable
------------------------------------------------------
Moody's Ratings affirmed Match Group, Inc.'s Ba2 corporate family
rating and Ba2-PD probability of default rating. Moody's also
affirmed the Ba1 senior secured bank credit facilities and Ba3
senior unsecured notes ratings residing at Match Group Holdings II,
LLC ("Holdings II"), a wholly-owned second tier holding company.
The speculative grade liquidity is unchanged at SGL-1. The outlook
is stable.              

The affirmation reflects the relatively moderate leverage level
(3.7x debt/EBITDA as of Q3 2024, including Moody's standard lease
adjustments), good EBITDA margins and strong free cash flow (FCF)
generation. The substantial growth experienced historically has
slowed, and Moody's expect revenue growth to be relatively flat in
2025 as the company carries out initiatives to revive growth. While
Match will continue to make significant share repurchases and
announced in December 2024 that it will begin paying a dividend,
the company will benefit from high levels of FCF and a large cash
balance ($856 million as of Q3 2024).

RATINGS RATIONALE

Match's Ba2 CFR is supported by the company's market position as
the leading global provider in the online dating category led by
the Tinder and Hinge brands. Leverage is relatively moderate and
likely to decline slightly in 2025 while continuing to generate
high levels of operating cash flow. There is good geographic
diversity, and Moody's project additional expansion outside the US
as dating app usage gains international acceptance.

The credit profile is constrained by Match's narrow business focus
in a highly competitive industry with around 57% revenue
concentration in the Tinder brand. While Match has a portfolio of
different dating brand names, some of them are in decline and
future growth will be reliant largely on results from its Tinder
and Hinge brands as well as newer dating app offerings. Match faces
significant competition from a multitude of companies including
Bumble and Meet Group, as well as other smaller operators. While
Match has had strong growth trends historically, the company is
expected to be focused over the next few years on improving revenue
performance. The online dating market is also susceptible to sudden
changes in consumer preferences and rapidly evolving technology
that could lead to declines in user activity and impact customer
conversion and monetization.

The stable outlook reflects Moody's view that Match's revenue and
EBITDA will be largely unchanged in 2025 as the company pursues
strategies to drive enhanced growth. Leverage is likely to decline
below the 3.5x range in 2025 driven by debt repayment.  While the
Hinge brand will continue to demonstrate good growth, improving
growth at Tinder will be more challenging as it seeks to continue
to enhance the user experience. Some of Match's newer dating apps
that are directed at more specific consumer demographic groups will
also support growth, but the company will need to offset declines
in more mature apps and online services which are included in the
evergreen brands. Match will distribute FCF to shareholders and
will continue to consider additional acquisitions to increase scale
and the overall portfolio of brands.

Moody's expect Match will maintain very good liquidity over the
next 12-15 months as reflected in the Speculative Grade Liquidity
(SGL) rating of SGL-1, supported by cash of $856 million as of Q3
2024 and an undrawn $500 million revolving credit facility. The
revolver's maturity date is the earlier of March 2029 or 91 days
prior to the maturity of the term loan or senior notes due in 2027,
2028, or 2029. Free cash flow as a percentage of debt has risen to
about 23% LTM Q3 2024  from 12% FY 2022, and Moody's expect it will
remain in this range in 2025. Match will seek to return a
significant portion of operating cash flow to shareholders through
stock buy backs ($732 million LTM Q3 2024) and dividends. A portion
of the large cash balance may be used for debt repayment or
acquisitions. Capital expenditures were $60 million LTM Q3 2024,
and Moody's expect spending will remain in this range in 2025.

When the revolver is drawn, Match is required to maintain a
Consolidated Net Leverage Ratio of less than or equal to 5.0x (as
defined in the bank credit agreement). The calculation excludes the
exchangeable notes since these obligations reside at finco
entities; however, Moody's include them in Moody's adjusted gross
debt calculations. As of Q3 2024, the company reported trailing
twelve-month leverage of 2.3x on a net basis (as defined).

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

The ratings could be upgraded if Match demonstrated good organic
revenue growth above 5% with EBITDA margin expansion leading to
leverage sustained below 3x total debt to EBITDA (as calculated by
Moody's). Consistently strong FCF as a percentage of debt in the
20% range and a diversified portfolio of brands with reduced
reliance on any one app. Maintenance of at least a good liquidity
profile with prudent financial policies would also be needed.

The ratings could be downgraded if leverage approached 4x (as
calculated by Moody's) due to declines in operating performance or
debt funded acquisitions. A decline in organic revenue or a
weakened liquidity position including a significant decline in FCF
generation or reduced revolver availability could also lead to
negative rating pressure.

Headquartered in Dallas, Texas, Match Group, Inc. is a leading
global online dating provider via its major brands in over 40
languages including Tinder, Hinge, Match, Meetic, OkCupid, Pairs,
PlentyOfFish, Azar and more. In June 2020, Match Group separated
from InterActiveCorp (IAC). Revenue totaled approximately $3.5
billion LTM Q3 2024.

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


MEDLINE BORROWER: S&P Upgrades ICR to 'BB-', On Watch Positive
--------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Medline
Borrower L.P. to 'BB-' from 'B+'. S&P also raised its issue-level
rating on its secured debt to 'BB-' from 'B+' and its unsecured
debt to 'B' from 'B-'.

S&P said, "At the same time, we placed all our ratings on Medline
on CreditWatch with positive implications. We plan to resolve the
CreditWatch placement when the IPO transaction is executed, and we
are able to assess the company's financial policy and leverage
levels as a public company.

"Medline's IPO plans increase the likelihood that leverage will
remain below 6.5x in the near term.  We believe the company's
announcement that it has submitted a draft registration for an IPO
indicates a commitment toward a more conservative financial policy
that would be more consistent with a publicly traded company. Given
our expectations that Medline's strong operating performance will
continue, we forecast leverage will decline to about 5.3x at the
end of 2024 and below 5x in 2025 (from 6.7x in 2023). Depending on
the timing of the IPO and how much of the proceeds Medline uses to
repay debt, leverage could decline further. Also, we no longer view
a re-leveraging event--which we typically associate with
financial-sponsor ownership--as likely in the near term as long as
they continue to pursue an IPO.

"There is considerable upside to the rating if the IPO is
successful and the company uses the proceeds to repay debt.  
Significant geopolitical, economic, and regulatory risks remain on
the horizon for 2025 that could potentially derail an IPO of this
scale. If the IPO is successful, we would evaluate the company's
leverage levels and financial policy as a public company. We would
also evaluate whether its financial-sponsor owners retain any
significant ownership and whether we would continue to view it as a
controlled entity (typically associated with over 40% ownership).
If leverage declines significantly from current levels, and we no
longer view it as a controlled entity, there could be a multiple
notch upgrade to all our ratings on Medline. Conversely, if the IPO
is abandoned, we believe a re-leveraging event would become more
likely because the company's sponsors would likely turn to
debt-financed strategies to monetize their investment."

The CreditWatch placement reflects the uncertainty of the potential
IPO as well as the lack of information around potential leverage
levels, ownership control, and financial policy as a public
company.

S&P said, "If the IPO is executed, we expect it could result in a
potentially multi-notch upgrade to Medline's issuer credit rating.
Our assessment of the company's business risk is in line with a
potential investment-grade rating. However, it is only likely to
become investment grade if we believe the financial sponsor no
longer has control or will relinquish control in the medium term.
It will also be dependent on an expectation that the company will
operate with a financial policy consistent with an investment-grade
rating and that leverage will remain around 3x going forward. If
the sponsor retains control or leverage remains materially above
3x, an upgrade is still likely, though we would expect the rating
to remain in the 'BB' category.

"We could revise the outlook to stable if the IPO process is
delayed due to market conditions or other factors, but we still
believe that the company's financial policy will be to reduce and
maintain leverage levels in line with a potential IPO.

"Alternatively, if we believe the IPO will be abandoned, we could
revise the outlook to negative or lower the rating by one notch. In
the absence of an IPO, we believe the most likely monetization
strategy would be a sponsor-flip or a dividend re-capitalization.
Both would potentially result in significant increases to
leverage."



MOMENTUM CONSULTING: Court Approves Interim Use of Cash Collateral
------------------------------------------------------------------
Momentum Consulting, LLC received second interim approval from the
U.S. Bankruptcy Court for the Northern District of New York to use
cash collateral.

The company requires the use of cash collateral such as account
receivables, inventory and proceeds from the pre-bankruptcy
collateral of secured creditors to pay its expenses. Its monthly
budget shows total expenses of $67,828.65, which include payment of
$42,000 to independent contractors and $14,000 for office salary.

Secured creditors including Citizens Bank N.A., Hebron Savings
Bank, TD Bank N.A. and Can Capital, Inc. assert interest in the
cash collateral.

Each of the secured creditors was granted adequate protection of
its interests in an amount equal to the aggregate diminution in the
value of its interests in the pre-bankruptcy collateral.

In addition, Momentum Consulting was ordered to remit a monthly
payment of $1878.65, which represents the contractual principal and
interest payment due to Citizens Bank.

A final hearing is set for Jan. 8, 2025. Objections must be filed
no later than seven days before the final hearing.

                     About Momentum Consulting

Momentum Consulting, LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D. N.Y. Case No. 24-11236) on
November 5, 2024, with up to $1 million in both assets and
liabilities. Benjamin McLellan, managing member, signed the
petition.

Judge Robert E. Littlefield, Jr. oversees the case.

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


MPH ACQUISITION: $1.33BB Bank Debt Trades at 23% Discount
---------------------------------------------------------
Participations in a syndicated loan under which MPH Acquisition
Holdings LLC is a borrower were trading in the secondary market
around 76.8 cents-on-the-dollar during the week ended Friday,
December 20, 2024, according to Bloomberg's Evaluated Pricing
service data.

The $1.33 billion Term loan facility is scheduled to mature on
September 1, 2028. About $1.29 billion of the loan has been drawn
and outstanding.

MPH Acquisition Holdings LLC, doing business as MultiPlan, provides
health care solutions. The Company offers payment integrity,
network, and analytics-based solutions. MultiPlan serves customers
in the United States.


MTL PARTNERS: Andrew Layden Named Subchapter V Trustee
------------------------------------------------------
The U.S. Trustee for Region 21 appointed Andrew Layden as
Subchapter V trustee for MTL Partners, LLC.

Mr. Layden will be paid an hourly fee of $400 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Andrew Layden
     200 S. Orange Avenue, Suite 2300
     Orlando, Florida 32801
     Telephone: 407-649-4000
     Email: alayden@bakerlaw.com

                      About MTL Partners LLC

MTL Partners LLC, doing business as Collier's Furniture Expo, is a
furniture store in Sanford, Florida, offering stationary sofas,
reclining sofas, stationary sectionals, and reclining sectionals.

MTL Partners sought relief under Subchapter V of Chapter 11 of the
U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-06518) on
November 27, 2024, with total assets of $97,459 and total
liabilities of $2,244,020. Michael Collier, managing member of MTL
Partners, signed the petition.

Judge Grace E. Robson handles the case.

The Debtor is represented by:

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


NAKED JUICE: $450MM Bank Debt Trades at 62% Discount
----------------------------------------------------
Participations in a syndicated loan under which Naked Juice LLC is
a borrower were trading in the secondary market around 38.5
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $450 million Term loan facility is scheduled to mature on
January 24, 2030. The amount is fully drawn and outstanding.

Naked Juice LLC is the entity resulting from a spin-off from
PepsiCo, with PAI Partners owning 61% and Pepsi retaining a 39%
stake. Naked Juice, LLC owns the Tropicana, Naked Juice, KeVita and
other select juice brands.


NANOVIBRONIX INC: Shareholders Elect 8 Directors at Annual Meeting
------------------------------------------------------------------
NanoVibronix, Inc. on December 19, 2024, the Company held the
Annual Meeting. As of the close of business on October 28, 2024,
the record date for the Annual Meeting, there were 3,752,354 shares
of common stock, par value $0.001 per share, outstanding and
entitled to vote. Holders of the Company's Common Stock with a
total aggregate voting power of 2,046,820 votes were present in
person or represented by proxy at the Annual Meeting.

Proposal 1 -- Election of Directors

     * A proposal to elect eight nominees to serve on the Company's
board of directors , for a term of one year or until their
respective successors are elected and qualified, for which the
following are nominees: Aurora Cassirer, Christopher Fashek,
Michael Ferguson, Martin Goldstein, M.D., Harold Jacob, M.D.,
Thomas Mika, Brian Murphy, and Maria Schroeder.

Proposal 2 -- Ratification of Appointment of Auditor

     * A proposal to ratify the appointment of Zwik CPA, PLLC as
the Company's independent registered public accounting firm for the
fiscal year ending December 31, 2024.

Proposal 4 -- Advisory Vote on Executive Compensation

     * A proposal to approve, on an advisory basis, the
compensation of the Company's named executive officers.

Proposal 5 -- Adjournment Proposal

     * A proposal to approve an adjournment of the Annual Meeting
to a later date or dates, if necessary, to permit further
solicitation and vote of proxies in the event there are not
sufficient votes in favor of any one or more of the proposals
presented at the Annual Meeting.

All proposals were approved by the Company's stockholders.

                        About NanoVibronix

Elmsford, N.Y.-based NanoVibronix, Inc., a Delaware corporation,
commenced operations on October 20, 2003, and is a medical device
company focusing on noninvasive biological response-activating
devices that target wound healing and pain therapy and can be
administered at home without the assistance of medical
professionals.

                           Going Concern

According to the Company, it does not have sufficient resources to
fund its operations for the next 12 months, management has
substantial doubt about the Company's ability to continue as a
going concern. The Company will need to raise additional capital to
finance its losses and negative cash flows from operations and may
continue to be dependent on additional capital raising as long as
the Company's products do not reach commercial profitability.


NEON MAPLE: S&P Assigns 'B+' ICR on Completed Acquisition of Nuvei
------------------------------------------------------------------
S&P Global Ratings assigned its 'B+' issuer credit rating to Neon
Maple Purchaser Inc. (Nuvei) and its 'B+' issue-level rating and
'3' recovery rating to its first-lien debt.

The stable outlook reflects S&P's expectation that Nuvei will
generate revenue growth of approximately 12.5% in 2025, along with
increased profitability and FOCF of about $150 million. This will
reduce its S&P Global Ratings-adjusted leverage to the mid-5x area
by the end of fiscal 2025 while adhering to financial policies that
will support sustaining such leverage.

Nuvei, an entity created by affiliates of private equity firm
Advent International, along with Canadian shareholders Philip
Fayer, certain investment funds managed by Novacap Management Inc.
(collectively, "Novacap") and CDPQ completed its acquisition of
Nuvei Corp. on Nov. 15, 2024, with a capital structure that
includes a $2.65 billion term loan B due in 2031 and a $600 million
revolving credit facility due in 2029.

Based on this final capital structure and recent performance, S&P
projects S&P Global Ratings-adjusted debt to EBITDA of about 6.7x
at the end of 2024, modestly weaker than our initial expectations.

S&P said, "The ratings are in line with the preliminary ratings we
assigned on July 17, 2024. Nuvei completed the leveraged buyout,
carrying a capital structure of a $2.65 billion, first-lien term
loan B due in November 2031 and a $600 million revolving credit
facility due in November 2029. While total debt is modestly higher
than we anticipated, this stems from the company upsizing its term
loan B by $100 million at the time of syndication to fund the
acquisition of residual commissions. There were no material changes
to the financial documentation from our original review."  

Nuvei's operating performance, which includes stronger revenue
growth and slightly lower margins primarily due to
higher-than-expected commissions and transaction costs, is also
considered largely in line with S&P's initial forecast. It
continues to support expectations for deleveraging to the mid-5x
area by the end of 2025 from the mid-6x area for 2024 and pro forma
for the transaction, a key consideration supporting our ratings.
Equity ownership also includes four significant shareholders as
expected. Advent, the largest shareholder, holds a 46%. The
remaining 54% is held by Nuvei's existing shareholders--Philip
Fayer (24%), certain investment funds managed by Novacap Management
Inc. (18%), and CDPQ (12%)--which retain their stakes per a
rollover agreement with Advent.

S&P said, "Revenue growth, margin improvements, and reduced
liabilities will drive Nuvei's deleveraging. We foresee
low-double-digit percent growth in 2025, bolstered by contributions
from its announced Pay2All Instituição de Pagamento Ltda
(Pay2All). acquisition, and EBITDA margins rising 140 basis points
to approximately 31% on reduced transaction costs and
implementation of cost-optimization initiatives. Additionally, we
expect Nuvei to make progress in addressing its employee-related
long-term incentive equity plans (LTIP). Reducing this liability
(incorporated into our adjusted debt calculations) will also help
lower leverage to 5.5x by the end of 2025 and 4.5x by the end of
2026.

"Our improved view of Nuvei's business, independent of this
transaction, should benefit from further international expansion.As
articulated in our recent research update, the company's track
record of scaling revenue and expanding its international presence
leads us to believe it will benefit from an enhanced ability to
meet the needs of the global enterprise customers it has been
focusing on. On Aug. 5, 2024, the company announced plans to
acquire Pay2All, and we believe this licensed payment institution
authorized by the Central Bank of Brazil will improve Nuvei's
delivery to the Brazilian market and further diversify its global
footprint. We expect the company will continue in this direction,
making modest global acquisitions and expanding its product
portfolio to add more capabilities and geographies.

"The stable outlook reflects our expectation that Nuvei will
generate revenue growth of approximately 12.5% in 2025, along with
increased profitability and FOCF of about $150 million. This will
reduce its S&P Global Ratings-adjusted leverage to the mid-5x area
by the end of fiscal 2025 while adhering to financial policies that
will support sustaining such leverage."



NEP GROUP: $240MM Bank Debt Trades at 18% Discount
--------------------------------------------------
Participations in a syndicated loan under which NEP Group Inc is a
borrower were trading in the secondary market around 81.8
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $240 million Term loan facility is scheduled to mature on
October 19, 2026. The amount is fully drawn and outstanding.

NEP Group provides broadcasting services. The Company is a supplier
to broad spectrum of content across both sports and entertainment.
The Company offers outside broadcast, studio production, audio,
lighting and media management services.


NORTHWEST GRADING: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Northwest Grading, Inc.
        7451 Corn Maze Way
        Hauser, ID 83854

Business Description: The Debtor is a heavy civil contractor
                      specializing in infrastructure, water, and
                      sewer facilities.

Chapter 11 Petition Date: December 20, 2024

Court: United States Bankruptcy Court
       District of Idaho

Case No.: 24-20429

Judge: Hon. Noah G Hillen

Debtor's Counsel: Matthew Christensen, Esq.
                  JOHNSON MAY
                  199 N. Capitol Blvd.
                  Suite 200
                  Boise, ID 83702
                  Tel: (208) 384-8588
                  E-mail: mtc@johnsonmaylaw.com

Total Assets: $3,417,570

Total Liabilities: $8,832,400

The petition was signed by William J. Krick as president.

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

https://www.pacermonitor.com/view/32ZKDSA/Northwest_Grading_Inc__idbke-24-20429__0001.0.pdf?mcid=tGE4TAMA


NUVEI CORP: S&P Withdraws 'BB-' ICR on Completed Leveraged Buyout
-----------------------------------------------------------------
S&P Global Ratings withdrew its 'BB-' issuer credit rating on Nuvei
Corp. following the completion of its sale to affiliates of Advent
International, along with Canadian shareholders Philip Fayer,
certain investment funds managed by Novacap Management Inc.
(collectively Novacap), and Caisse de Depot et Placement du Quebec
(CDPQ) via a leveraged buyout. S&P also discontinued its 'BB-'
issue-level and '3' recovery ratings on Nuvei's first-lien
revolving credit facility and first-lien term loan, given that all
of its outstanding debt facilities were repaid as part of this
transaction.

At the time of the withdrawal, the 'BB-' issuer credit rating on
Nuvei was on CreditWatch with negative implications.

Since the sale, S&P will continue to rate Nuvei under the name Neon
Maple Purchaser Inc. (B+/Stable/--). For further information, see
our research update published on Dec. 20, 2024.



NXT ENERGY: John Tilson Steps Down; Son Joins Board
---------------------------------------------------
NXT Energy Solutions Inc. announced on December 16, 2024, that John
Tilson has retired from the Board of Directors, and that Jeffrey S.
Tilson has been appointed to the Board.

John Tilson is a substantial long-term shareholder of NXT and has
served on the Board since 2015.  His depth of experience and focus
on results have provided invaluable guidance to the Company. The
Board will miss his advice and mentorship and wishes him well in
his retirement.

Jeffrey Tilson is the son of John Tilson and will carry on a
tradition of support for NXT.  He holds a Bachelor of Science
degrees in Finance and Information Systems E-Commerce from
California State University-Long Beach and has worked as an
Investment Advisor for over 23 years.  Since 2012 he has managed
his own referral-only investment consulting firm, JST Investment
Consulting Inc., a Registered Investment Advisor.  Jeff has
successfully served in leadership roles on the boards of non-profit
organizations and will bring finance, customer focus and leadership
skills to the Board. Jeff and his wife have significant
shareholdings in NXT and Jeff is a trustee for the Tilson Family
Trust.

Bruce G. Wilcox, CEO of NXT Energy, noted, "While we will miss
John's formal participation as an NXT director, we expect to
continue profiting by his experience and advice in an informal
capacity.  It has been an honor to have him on the Board. I have
the greatest respect for John and his views.  Also, over the years
I have gotten to know Jeff as a highly skilled financial
professional with great expertise and integrity. Our Company will
benefit from his knowledge and experience."

                           About NXT Energy

NXT Energy Solutions Inc. is a Calgary-based technology company
whose proprietary SFD survey system utilizes quantum-scale sensors
to detect gravity field perturbations in an airborne survey method.
This system can be used both onshore and offshore to remotely
identify areas with exploration potential for traps and reservoirs.
The SFD survey system enables the Company's clients to focus their
hydrocarbon exploration decisions concerning land commitments, data
acquisition expenditures, and prospect prioritization on areas with
the greatest potential. SFD is environmentally friendly and
unaffected by ground security issues or difficult terrain and is
the registered trademark of NXT Energy Solutions Inc. NXT Energy
Solutions provides its clients with an effective and reliable
method to reduce time, costs, and risks related to exploration.

Calgary, Canada-based MNP LLP, the Company's auditor since 2023,
issued a "going concern" qualification in its report dated March
27, 2024, citing that the Company's current cash position is not
expected to be sufficient to meet the Company's obligations and
planned operations for a year beyond the date of the auditor's
report, unless additional financing is obtained or new revenue
contracts are completed. This raises substantial doubt about the
Company's ability to continue as a going concern.

NXT Energy Solutions reported a net loss of CC$5.45 million for the
year ended December 31, 2023, compared to a net loss of CC$6.73
million for the year ended December 31, 2022. As of June 30, 2024,
Nxt Energy Solutions had C$16,545,816 in total assets, C$12,677,536
in total liabilities, and C$3,868,280 in total shareholders'
equity.


OFFICE PROPERTIES: Supplements Prospectus for 5.7MM Share Resale
----------------------------------------------------------------
Office Properties Income Trust disclosed in a Form 8-K Report filed
with the U.S. Securities and Exchange Commission that on December
17, 2024, it filed with the SEC a prospectus supplement to the
prospectus contained in the Company's effective shelf registration
statement on Form S-3 (Registration No. 333-265997), relating to
the resale from time to time by certain selling shareholders of up
to 5,700,900 shares of the Company's common shares of beneficial
interest, $.01 par value per share, or Common Shares, that the
Company issued to the selling shareholders pursuant to the Exchange
Agreement dated November 24, 2024 between the Company and the
selling shareholders, or the Exchange Agreement, entered into in
connection with the Company's previously announced private exchange
offer to exchange up to an aggregate principal amount of
$340,000,000 of the Company's outstanding senior unsecured notes
due 2025 for:

     (i) up to an aggregate principal amount of $445,000,000 of new
3.250% Senior Secured Notes due 2027, and related guarantees, (ii)
up to 11,533,380 Common Shares and

   (iii) certain cash payments, pursuant to the terms and
conditions set forth in the Exchange Agreement.

In connection with the filing of the prospectus supplement, a copy
of the opinion of Duane Morris LLP, regarding the validity of the
common shares being registered under the prospectus supplement,
available at:

                  https://tinyurl.com/cptuwnrd

                     About Office Properties

Office Properties Income Trust is a REIT organized under Maryland
law. As of Dec. 31, 2023, its wholly owned properties were
comprised of 152 properties, and it had noncontrolling ownership
interests of 51% and 50% in two unconsolidated joint ventures that
owned three properties containing approximately 468,000 rentable
square feet. As of Dec. 31, 2023, the Company's properties are
located in 30 states and the District of Columbia and contain
approximately 20,541,000 rentable square feet. As of Dec. 31, 2023,
its properties were leased to 258 different tenants, with a
weighted average remaining lease term (based on annualized rental
income) of approximately 6.4 years. The U.S. government is its
largest tenant, representing approximately 19.5% of its annualized
rental income as of Dec. 31, 2023.

As of March 31, 2024, the Company had $4 billion in total assets,
$2.7 billion in total liabilities, and $1.3 billion in total
stockholders' equity.

                           *     *     *

In May 2024, OPI announced it was actively negotiating with its
existing debtholders to exchange four series of its currently
outstanding senior unsecured notes (worth $1.7 billion at face
value) for up to $610 million of new senior secured notes and
related guarantees, with priority given to the 2025 noteholders
($650 million outstanding). The exchange would result in
debtholders receiving below the par value of the existing notes.

In May 2024, OPI announced it was actively negotiating with its
existing debtholders to exchange four series of its currently
outstanding senior unsecured notes (worth $1.7 billion at face
value) for up to $610 million of new senior secured notes and
related guarantees, with priority given to the 2025 noteholders
($650 million outstanding). The exchange would result in
debtholders receiving below the par value of the existing notes.

In July 2024, S&P Global Ratings raised its issuer credit rating on
Office Properties Income Trust (OPI) to 'CCC-' from 'SD' (selective
default) and its issue-level ratings on the senior unsecured notes
that were part of the exchange to 'CCC-' from 'D'. S&P said, "We
lowered our issue-level rating on the company's March 2029 senior
secured notes to 'CCC+' from 'B-', with the recovery rating
remaining '1′. We also lowered the issue-level rating on the
company's 2050 senior unsecured notes, which were not part of the
debt exchange, to 'CCC-' from 'CCC'. The recovery rating on all the
unsecured notes is unchanged at '3'. We also assigned our 'CCC' and
'2′ recovery rating to the company's new September 2029 senior
secured notes."

S&P Global Ratings lowered its issuer credit rating on OPI to 'CC'
from 'CCC' and its issue-level ratings on its senior unsecured
notes due 2025, 2026, 2027, and 2031, which are part of the
proposed exchange, to 'CC' from 'CCC'. At the same time, S&P
affirmed its 'CCC' issue-level rating on the company's senior
unsecured notes due 2050, which are not part of the proposed
exchange, and its 'B-' issue-level rating on its existing secured
notes due 2029. Its '3′ recovery rating on all the unsecured
notes and '1′ recovery rating on the secured notes are
unchanged.

In June 2024, S&P Global Ratings lowered its issuer credit rating
on Office Properties Income Trust (OPI) to 'SD' (selective default)
and its issue-level rating on the company's 2025, 2026, 2027, and
2031 senior unsecured notes to 'D'. S&P said, "We view the debt
exchange as distressed and tantamount to a default. The downgrade
follows OPI's completion of its private debt exchange. In
aggregate, the company exchanged $865.2 million of its 2025, 2026,
2027, and 2031 senior unsecured notes for $567.4 million of new
senior secured notes due 2029. The exchange consideration varied
depending on which notes were exchanged, with longer-dated notes
receiving less consideration. In addition, certain noteholders
received common equity to incentivize the exchange. In our view,
this transaction is a distressed exchange and tantamount to a
default because lenders received less than the original promise of
the securities, which is not offset by adequate compensation."

In November 2024, S&P Global Ratings placed all of its ratings on
Office Properties Income Trust (OPI), including its 'CCC-' issuer
credit rating, on CreditWatch with developing implications.

The CreditWatch placement reflects the uncertainty around the final
terms and execution of the exchange offer. S&P plans to resolve the
CreditWatch following the resolution of the exchange offer.


OG LIVING: Carol Fox of GlassRatner Named Subchapter V Trustee
--------------------------------------------------------------
The U.S. Trustee for Region 21 appointed Carol Fox of GlassRatner
as Subchapter V trustee for OG Living, LLC.

Ms. Fox will be paid an hourly fee of $450 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Carol Fox
     GlassRatner
     200 East Broward Blvd., Suite 1010
     Fort Lauderdale, FL 33301
     Tel: 954.859.5075
     Email: cfox@brileyfin.com

                        About OG Living LLC

OG Living, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 24-22597) on November
29, 2024, with $500,001 to $1 million in assets and $1 million to
$10 million in liabilities. The petition was signed by George John
Wohlford as managing member.

Judge Scott M Grossman oversees the case.

The Debtor is represented by Chad P. Pugatch, Esq.


ONYX OWNER: Dec. 30 Deadline Set for Panel Questionnaires
---------------------------------------------------------
The United States Trustee is soliciting members for committee of
unsecured creditors in the bankruptcy case of Onyx Owner, LLC.

If a party wishes to be considered for membership on any official
committee that is appointed, it must complete a questionnaire
available at https://tinyurl.com/ya4vzyzj and return by email it to
Rosa Sierra-Fox - Rosa.Sierra-Fox@usdoj.gov - at the Office of the
United States Trustee so that it is received no later than Monday,
December 30, 2024, 4:00 p.m. (E.T.).

If the U.S. Trustee receives sufficient creditor interest in the
solicitation, it may schedule a meeting or telephone conference for
the purpose of forming a committee.

                   About Onyx Owner

Onyx Owner's business involves a residential apartment project
consisting of 266 residential apartment units and related amenities
located at 1100 First Street SE, Washington DC 2003.

Onyx Owner sought Chapter 11 protection (Bankr. D. Del. Lead Case
No. 24-12816) on Dec. 18, 2024.  The petition was signed by Joshua
Ufberg as authorized signatory.

The Debtor disclosed $10 million to $50 million in total assets and
total debt.

The Debtor's counsel is Morris, Nichols, Arsht & Tunnell.


OREGON TOOL: $850MM Bank Debt Trades at 33% Discount
----------------------------------------------------
Participations in a syndicated loan under which Oregon Tool
Holdings Inc is a borrower were trading in the secondary market
around 66.8 cents-on-the-dollar during the week ended Friday,
December 20, 2024, according to Bloomberg's Evaluated Pricing
service data.

The $850 million Term loan facility is scheduled to mature on
October 16, 2028. The amount is fully drawn and outstanding.

Oregon Tool Holdings, Inc., headquartered in Portland, Oregon, is a
global manufacturer and distributor of professional-grade,
consumable parts and attachments for use in forestry, lawn and
garden, agriculture and concrete cutting applications.


OUR TOWN REALESTATE: Tamara Miles Ogier Named Subchapter V Trustee
------------------------------------------------------------------
The U.S. Trustee for Region 21 appointed Tamara Miles Ogier, Esq.,
at Ogier, Rothschild & Rosenfeld, PC as Subchapter V trustee for
Our Town RealEstate, LLC.

Ms. Ogier will be paid an hourly fee of $450 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.    

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

The Subchapter V trustee can be reached at:

     Tamara Miles Ogier, Esq.
     Ogier, Rothschild & Rosenfeld, PC
     P.O. Box 1547
     Decatur, GA 30031
     Phone: (404) 525-4000

                   About Our Town RealEstate LLC

Our Town RealEstate, LLC sought relief under Subchapter V of
Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No.
24-62744) on December 2, 2024. In the petition filed by Al
McKeithan, as manager, the Debtor reports estimated assets and
liabilities between $1 million and $10 million each.

Honorable Bankruptcy Judge Paul W. Bonapfel handles the case.

The Debtor is represented by:

     Paul Reece Marr, Esq.
     PAUL REECE MARR, P.C.
     6075 Barfield Road, Suite 213
     Sandy Springs, GA 30328-4402
     Tel: (770) 984-2255
     Email: paul.marr@marrlegal.com


OUTFRONT MEDIA: Jeremy Male to Retire by June 30
------------------------------------------------
OUTFRONT Media Inc. disclosed in a Form 8-K Report filed with the
U.S. Securities and Exchange Commission that on December 17, 2024,
Jeremy J. Male, the Company's Chairman and Chief Executive Officer,
will retire from the Company.

The retirement was mutually agreed between Mr. Male and the board
of directors of the Company pursuant to a letter agreement, dated
as of December 16, 2024, providing for Mr. Male's continued
services through March 31, 2025, or, if the Company and Mr. Male
mutually agree, a later date not to exceed June 30, 2025. The
Letter Agreement provides that Mr. Male's retirement will be a
resignation for "Good Reason" under Mr. Male's Employment Agreement
with the Company, dated as of September 18, 2017, and that Mr. Male
will be entitled to the payments and benefits provided for
thereunder.

The Company has initiated a search to fill Mr. Male's position, and
Mr. Male will assist with the transition to his successor.

                     About OUTFRONT Media Inc.

Headquartered in New York, OUTFRONT Media Inc. leases advertising
space on out-of-home advertising structures and sites.

OUTFRONT Media reported a net loss attributable to the Company of
$430.4 million for the year ended December 31, 2023, compared to a
net income of $147.9 million for the year ended December 31, 2022.

                           *     *     *

Egan-Jones Ratings Company, on September 10, 2024, maintained its
'CCC' foreign currency and local currency senior unsecured ratings
on debt issued by OUTFRONT Media Inc.


OUTLOOK THERAPEUTICS: Reduces Workforce to Cut Costs
----------------------------------------------------
Outlook Therapeutics, Inc. disclosed in a Form 8-K Report filed
with the U.S. Securities and Exchange Commission that on December
10, 2024, the Board of Directors approved a reduction of the
Company's workforce to reduce operating expenses and preserve
capital.

On December 13, 2024, the Company reduced its workforce by 5
people, or approximately 23% of the Company's existing headcount.
At a minimum, all employees affected by the workforce reduction
will be eligible to receive severance payments and paid COBRA
premiums for a specified time period post-termination. Each
affected employee's eligibility for severance benefits is
contingent upon execution of a general release of claims against
the Company.

The Company estimates that it will incur approximately $0.3 million
in restructuring charges in connection with the workforce
reduction, consisting of cash-based expenses related to employee
severance and notice period payments, benefits and related costs.
The Company expects that the majority of the cash payments related
to the restructuring will be substantially complete by the end of
the third calendar quarter 2025.

                     About Outlook Therapeutics

Outlook Therapeutics, Inc., formerly known as Oncobiologics, Inc.
-- http://www.outlooktherapeutics.com-- is a biopharmaceutical
company working to launch the first ophthalmic formulation of
bevacizumab approved by the U.S. Food and Drug Administration for
use in retinal indications. The Company's goal is to launch
directly in the United States as the first and only approved
ophthalmic bevacizumab for the treatment of wet age-related macular
degeneration, or wet AMD, diabetic macular edema, or DME, and
branch retinal vein occlusion, or BRVO. The Company's plans also
include seeking approval and launching the product in the United
Kingdom, Europe, Japan, and other markets, either directly or
through a strategic partner. If approved, the Company expects to
receive 12 years of regulatory exclusivity in the United States and
up to 10 years of market exclusivity in the European Union.

Philadelphia, Pennsylvania-based KPMG LLP, the Company's auditor
since 2015, issued a "going concern" qualification in its report
dated Dec. 22, 2023, citing that the Company has incurred recurring
losses and negative cash flows from operations and has an
accumulated deficit that raise substantial doubt about its ability
to continue as a going concern.

As of June 30, 2024, Outlook Therapeutics had $47.1 million in
total assets, $130.8 million in total liabilities, and $83.7
million in total stockholders' deficit.


OWASSA BROWNVILLE: S&P Lowers Revenue Debt Rating to 'BB+'
----------------------------------------------------------
S&P Global Ratings lowered its long-term rating four notches to
'BB+' from 'A-' on Owassa Brownville Water Authority (Owassa, or
the authority), Ala.'s authority revenue debt outstanding. The
outlook is negative.

"The downgrade reflects the authority's recent trend of declining
and inconsistent debt service coverage in the past three years,
culminating in an insufficient 0.3x coverage in fiscal 2023," said
S&P Global Ratings credit analyst Valentina Protasenko. In our
view, the authority could struggle to rebuild its cash position or
produce consistent and robust coverage in an environment of
continued inflationary pressures and low incomes of its customer
base.

"The negative outlook reflects our ongoing concern about the
authority's ability to establish necessary measures to produce more
stable financial results, even if at weaker levels than previously
maintained," Ms. Protasenko added.

Net revenues of the authority's water system secure the series 2013
water revenue bonds. Bond provisions require maintenance of a debt
service reserve fund (DSRF) for the series 2013 bonds, and a rate
covenant establishes that the authority set rates to produce net
revenues at 125% of annual debt service, exclusive of available
funds. Owassa maintains the DSRF as required but has not produced
net revenues at or above the required rate covenant in both fiscal
years 2021 and 2023. The authority had $1.2 million in total
long-term debt as of Dec. 31, 2023, and the debt matures in 2038.

S&P said, "The negative outlook reflects our view that Owassa's
financial performance could further deteriorate given the lack of
established governance practices and the authority's small scale of
operations. We could lower the rating further, by one or more
notches, if the authority continues to draw on its available
liquidity and produces coverage at or below 1x on a continued
basis. Given Owassa's nominally weak available cash, if deferred
maintenance or aging infrastructure leads to asset failure
resulting in a material draw on reserves, we could lower the
rating.

"We could return the outlook to stable if we see the authority take
steps to adopt policies and practices for long-term budgeting and
forecasting, as well as a frequent review of financial performance
and commensurate inter-year rate adjustments."

Environmental, social, and governance (ESG) credit factors for this
change in credit rating/outlook and/or CreditWatch status:

-- Governance--risk management, culture, and oversight
-- Governance--Transparency and reporting
-- Social--Social capital



P3 HEALTH: Unit Secures $25MM Financing with VBC Growth
-------------------------------------------------------
P3 Health Partners Inc. disclosed in a Form 8-K Report filed with
the U.S. Securities and Exchange Commission that on December 12,
2024, P3 Health Group, LLC, a subsidiary of, entered into a
financing transaction with VBC Growth SPV 3, LLC, consisting of an
unsecured promissory note and warrants to purchase shares of Class
A Common Stock, par value $0.0001 per share, of the Company. VBC 3
is a Delaware limited liability company managed by Chicago Pacific
Founders GP III, L.P., an affiliate of the principal stockholder of
the Company. The entry into the Promissory Note and the issuance of
the Warrants was approved by a committee of independent,
disinterested directors of the Company.

     * VBC 3 Promissory Note

The Promissory Note was issued by P3 LLC to VBC 3 on December 12,
2024, and provides for funding of up to $25.0 million, available
for draw by P3 LLC in two tranches, as follows:

     (i) a first tranche of $15 million available to P3 LLC upon
the Effective Date, and

   (ii) a second tranche of up to $10.0 million available at the
Company's sole option in a single draw, on or prior to December 31,
2024.

The maturity date of the Promissory Note is June 30, 2028. Interest
is payable at 19.5 % per annum on a quarterly cycle (in arrears)
beginning March 31, 2025. P3 LLC may elect to pay interest 11.5% in
kind and 8.0% in cash, but if the terms of the Subordination
Agreement do not permit P3 LLC to pay interest in cash, interest
will be paid entirely in-kind. The Promissory Note may be prepaid,
at the Company's option, either in whole or in part, without
penalty or premium, at any time and from time to time, subject to
the payment of the back-end fee described below; provided that
prepayments must be in increments of at least $1.25 million. The
Promissory Note provides for mandatory prepayments with the
proceeds of certain asset sales, and VBC 3 has the right to demand
payment in full upon:

     (i) a "Change of Control" of the Company and
    (ii) certain "Qualified Financings" (each as defined in the
Promissory Note).

The Promissory Note restricts P3 LLC's ability and the ability of
its subsidiaries to, among other things, incur indebtedness and
liens, and make investments and restricted payments. The maturity
date may be accelerated as a remedy under certain default
provisions in the Promissory Note, or in the event a mandatory
prepayment event occurs.

Pursuant to the Promissory Note, P3 LLC will pay VBC 3 on the
Effective Date an up-front fee of 1.5% of $25 million, the maximum
draw amount. In addition, P3 LLC will pay VBC 3 a back-end fee at
the time the loans issued under the Promissory Note are repaid as
follows:

     (i) if repaid prior to January 31, 2025, 2.25% of the
aggregate principal amount of the loans advanced to P3 LLC on or
prior to such date;
    (ii) if repaid from February 1, 2025 through April 20, 2025,
4.5% of the aggregate principal amount of the loans advanced to P3
LLC on or prior to such date;
   (iii) if repaid from May 1, 2025 through July 31, 2025, 6.75% of
the aggregate principal amount of the loans advanced to P3 LLC on
or prior to such date; and
    (iv) if repaid on August 1, 2025 or later, 9.0% of the
aggregate principal amount of the loans advanced to P3 LLC on or
prior to such date.

P3 LLC intends to use the proceeds of the Promissory Note to fund
the Company's ongoing working capital requirements.

     * Warrants

In connection with the Promissory Note, on December 12, P3 LLC, the
Company and VBC 3 entered into a Warrant Agreement. Pursuant to the
Warrant Agreement, P3 LLC issued Warrants to VBC 3 to purchase
71,406,480 shares of Common Stock, at an exercise price of $0.2137
per share. The number of shares of Common Stock for which the
Warrant is exercisable and the exercise price may be adjusted upon
any event involving subdivisions, combinations, distributions,
recapitalizations and like transactions. Pursuant to the Warrant
Agreement, the Warrants and the right to purchase securities upon
the exercise of the Warrants will terminate upon the earliest to
occur of the following:

     (a) December 12, 2031; and
     (b) the consummation of (i) a sale, conveyance, disposal, or
encumbrance of all or substantially all of the Company's or P3
LLC's property or business or the Company's or P3 LLC's merger into
or consolidation with any other corporation (other than a wholly
owned subsidiary corporation) or (ii) any other transaction or
series of related transactions in which more than 50% of the voting
power of the Company or P3 LLC is disposed of.

     * VBC 3 Subordination Agreement

In connection with the transactions described above, P3 LLC entered
into a subordination agreement, dated as of December 12, with CRG
Servicing LLC, as administrative agent under P3 LLC's existing term
loan facility and VBC 3. Pursuant to the VBC 3 Subordination
Agreement,


VBC 3 agreed to subordinate its right of payment under the
Promissory Note to the right of payment and security interests of
the lenders under the Term Loan Facility. The terms of the VBC 3
Subordination Agreement will effectively requiree P3 LLC to pay all
interest under the Promissory Note in-kind.

     * Amendment to Term Loan Agreement

In connection with the transactions on December 12, P3 LLC entered
into the Sixth Amendment to that certain Term Loan Agreement, dated
as of December 3, 2021, by and among P3 LLC, as borrower, the
subsidiary guarantors party thereto, the lenders from time-to-time
party thereto and CRG Servicing LLC, as administrative agent and
collateral agent. The Sixth Amendment permits the issuance of the
Promissory Note and the entry into the VBC 3 Subordination
Agreement.

     * Refinancing of VBC 1 Promissory Note

On December 12, 2024, P3 LLC entered into a promissory note (the
"VBC 1 2024 Loan") with VBC Growth SPV LLC, an affiliate of Chicago
Pacific Founders. The proceeds of the VBC 1 2024 Loan were used to
repay in full the Unsecured Promissory Note, dated December 13,
2022. The VBC 1 2024 Loan has a maturity date of June 30, 2028 and
an interest rate that is lower than the 2022 Loan by 0.5%. The VBC
1 2024 Loan does not include the issuance of warrants. All other
terms of the VBC 1 2024 Loan are the same as the terms of the 2022
Loan.

In connection with the entry into the VBC 1 2024 Loan, P3 LLC
entered into a subordination agreement, dated as of December 12,
2024 (the "VBC 1 Subordination Agreement" and together with the VBC
3 Subordination Agreement, the "Subordination Agreements"), with
CRG Servicing LLC, as administrative agent under the Term Loan
Facility, and VBC 1. Pursuant to the VBC 1 Subordination Agreement,
VBC 1 agreed to subordinate its right of payment under the VBC 1
2024 Loan to the right of payment and security interests of the
lenders under the Term Loan Facility. The terms of the VCB 1
Subordination Agreement will effectively require P3 LLC to pay all
interest under the VBC 1 2024 Loan in-kind.

     * Second Amended and Restated Letter Agreement with CPF

On the same date, in connection with the Warrant Agreement, the
Company entered into a second amended and restated letter agreement
with CPF GP III and Chicago Pacific Founders GP III, L.P., a
Delaware limited partnership (on behalf of the funds of which CPF
GP I is the general partner, certain funds of which CPF GP III is
the general partner and/or certain of their affiliated entities and
funds. Pursuant to the Second Amended and Restated Letter
Agreement,

     (i) for as long as the CPF Parties own 40% of the Company's
outstanding common stock, CPF will be entitled to designate one
additional independent member of the Company's board of directors,
who must be independent and satisfy all applicable requirements
regarding service as a director of the Company under applicable law
and SEC and stock exchange rules,
    (ii) for as long as the CPF Parties own 40% of the Company's
outstanding common stock, CPF will be entitled to certain
information rights and protective provisions, and
   (iii) the CPF Parties agreed to extend the standstill
restriction from July 31, 2025 to January 1, 2026 that limits the
ownership of the CPF Parties to 49.99% of the Company's issued and
outstanding shares of Common Stock.

                     About P3 Health Partners

Henderson, Nev.-based P3 Health Partners Inc is a patient-centered
and physician-led population health management company and, for
accounting purposes, the successor to P3 Health Group Holdings, LLC
and its subsidiaries after the consummation of a series of business
combinations in December 2021 with Foresight Acquisition Corp. As
the sole manager of P3 LLC, P3 operates and controls all of the
business and affairs of P3 LLC and P3′s only assets are equity
interests in P3 LLC.

                           Going Concern

As of June 30, 2024, and December 31, 2023, the Company had $73.1
million and $36.3 million, respectively, in unrestricted cash and
cash equivalents available to fund future operations. The Company's
capital requirements will depend on many factors, including the
pace of the Company's growth, ability to manage medical costs, the
maturity of its members, and its ability to raise capital. The
Company continues to explore raising additional capital through a
combination of debt financing and equity issuances. When the
Company pursues additional debt and/or equity financing, there can
be no assurance that such financing will be available on terms
commercially acceptable to the Company. If the Company is unable to
obtain additional funding when needed, it will need to curtail
planned activities in order to reduce costs, which will likely have
an unfavorable effect on the Company's ability to execute on its
business plan and have an adverse effect on its business, results
of operations, and future prospects. As a result of these matters,
substantial doubt exists about the Company's ability to continue as
a going concern within one year after the date the financial
statements are issued.


PALATIN TECHNOLOGIES: Raises $3.4MM via Warrant Exercise Agreement
------------------------------------------------------------------
Palatin Technologies, Inc. a biopharmaceutical company developing
first-in-class medicines based on molecules that modulate the
activity of the melanocortin receptor system, announced that it has
entered into a warrant exercise inducement agreement with an
institutional investor to exercise certain outstanding warrants
that the Company issued in June 2024 and October 2023 totaling
3,907,679 shares of the Company's common stock for gross proceeds
of approximately $3.4 million.

Pursuant to the inducement agreement, the investor has agreed to
exercise a portion of its June 2024 outstanding warrants to
purchase an aggregate of 2,964,283 shares of the Company's common
stock and has agreed to exercise its October 2023 outstanding
warrants to purchase an aggregate of 943,396 shares of the
Company's common stock, both sets at an amended exercise price of
$0.875 per share. In consideration for the immediate exercise of
the warrants, the Company also agreed to issue to the investor
unregistered Series C warrants to purchase an aggregate of
3,907,679 shares of the Company's common stock and Series D
warrants to purchase an aggregate of 1,953,839 shares of the
Company's common stock. The Series C and D warrants will each have
an exercise price of $0.875 per share. The Series C warrants are
exercisable immediately and will expire on the five-year
anniversary of closing date. The Series D warrants are exercisable
beginning on the effective date of stockholder approval of the
issuance of shares upon exercise of such warrants and will expire
on the five-year anniversary from the date of stockholder
approval.

The transaction was expected to close on or about December 17,
2024, subject to the satisfaction of customary closing conditions.
The Company intends to use the net proceeds from the exercise of
warrants for working capital and general corporate purposes.

The Series C and D warrants described above are being issued in
reliance on Section 4(a)(2) of the Securities Act of 1933, as
amended, and, along with the shares of common stock underlying such
warrants, have not been registered under the Securities Act or
applicable state securities laws.

                          About Palatin

Headquartered in New Jersey, Palatin -- www.Palatin.com -- is a
biopharmaceutical company developing first-in-class medicines based
on molecules that modulate the activity of the melanocortin
receptor systems, with targeted, receptor-specific product
candidates for the treatment of diseases with significant unmet
medical need and commercial potential. Palatin's strategy is to
develop products and then form marketing collaborations with
industry leaders to maximize their commercial potential.

Philadelphia, Pennsylvania-based KPMG LLP, the Company's auditor
since 2002, issued a "going concern" qualification in its report
dated Sept. 30, 2024, citing that the Company has incurred
operating losses and negative cash flows from operations since
inception and will need additional funding to complete planned
product development efforts that raise substantial doubt about its
ability to continue as a going concern.


PANDYA REAL ESTATE: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Pandya Real Estate Holdings, LLC
        121 Friends LN
        Newtown PA 18940

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

Chapter 11 Petition Date: December 20, 2024

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania

Case No.: 24-14544

Judge: Hon. Ashely M Chan

Debtor's Counsel: Alexander G. Tuttle, Esq.
                  LAW OFFICES OF ALEXANDER TUTTLE
                  196 W. Ashland St.
                  Doylestown, PA 18901
                  Tel: 215-723-7969
                  E-mail: agt@tuttlelegal.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Jignesh Pandya as authorized
representative of the Debtor.

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

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

https://www.pacermonitor.com/view/YEJEWMI/Pandya_Real_Estate_Holdings_LLC__paebke-24-14544__0001.0.pdf?mcid=tGE4TAMA


PARKERVISION INC: Names Frazier & Deeter as New Independent Auditor
-------------------------------------------------------------------
ParkerVision, Inc., disclosed in a Form 8-K Report filed with the
U.S. Securities and Exchange Commission that on November 12, 2024,
the Audit Committee of the Board of Directors approved the
appointment of Frazier & Deeter, LLC as the Company's independent
registered public accounting firm for the Company's year ending
December 31, 2024, subject to completion of FD's standard client
acceptance procedures and execution of an engagement letter.

On December 16, 2024, FD completed its procedures and accepted its
appointment as the Company's independent registered public
accounting firm.  On December 17, 2024, the Audit Committee
executed an engagement letter with FD.  

During the fiscal year ended December 31, 2023, and through the
subsequent interim period through December 17, 2024;

     (1) neither the Company nor anyone acting on its behalf
consulted with FD regarding:

          (i) the application of accounting principles to a
specific transaction, either completed or proposed, or the type of
audit opinion that might be rendered on the Company's financial
statements,

         (ii) any matter that was the subject of a disagreement as
defined in Item 304(a)(1)(iv) of Regulation S-K, and

     (2) FD did not provide the Company with any written report or
oral advice that FD concluded was an important factor considered by
the Company in reaching a decision as to any accounting, auditing,
or financial reporting issue.

                        About ParkerVision

Jacksonville, Fla.-based ParkerVision, Inc., and its wholly-owned
German subsidiary, ParkerVision GmbH is in the business of
innovating fundamental wireless hardware technologies and products.
The Company has designed and developed proprietary RF technologies
and integrated circuits based on those technologies, and the
Company licenses its technologies to others for use in wireless
communication products.

Fort Lauderdale, Fla.-based MSL, P.A., the Company's auditor since
2019, issued a "going concern" qualification in its report dated
March 21, 2024, citing that the Company's current resources are not
sufficient to meet their liquidity needs for the next 12 months,
the Company has historically suffered recurring losses from
operations, and has a net capital deficiency that raise substantial
doubt about its ability to continue as a going concern.


PAVMED INC: Files Prospectus for $125MM Securities Offering
-----------------------------------------------------------
PAVmed Inc. filed a prospectus on Form S-3 with the U.S. Securities
and Exchange Commission to offer or sell from time to time shares
of common stock, shares of preferred stock, warrants, debt
securities and/or units comprised of one or more of the other
classes of securities offered hereby, at an aggregate initial
offering price not to exceed $125,000,000.

The securities may be offered separately, together, or in series,
and in amounts, at prices and on other terms to be determined at
the time of each offering.

PAVmed may sell the securities directly to investors, to or through
underwriters or dealers or through agents designated from time to
time, among other methods. The prospectus supplement for each
offering will describe in detail the specific plan of distribution
for the securities. The prospectus supplement also will set forth
the price to the public of such securities, any placement agent's
fees or underwriter's discounts and commissions, and the net
proceeds we expect to receive from the sale of the securities.

PAVmed's common stock is listed for trading on the Capital Market
of The Nasdaq Stock Market LLC, or "Nasdaq," under the symbol
"PAVM." The Company also have one series of warrants outstanding,
our Series Z warrants to purchase common stock, or the "Series Z
Warrants." Its Series Z Warrants are listed for trading on the
Nasdaq Capital Market under the symbol "PAVMZ." On December 19,
2024, the last reported sale prices of our common stock and Series
Z Warrants were $0.6051 and $0.015, respectively. As of December
20, 2024, none of the other securities that we may offer by this
prospectus are listed on any national securities exchange or
automated quotation system.

The aggregate market value of the Company's outstanding common
stock held by non-affiliates is $12,193,857, based on 10,333,777
shares of its outstanding common stock held by non-affiliates and a
last sale price of its common stock on December 3, 2024 of $1.18
per share. During the 12 calendar months prior to, and including,
the date of this Amendment, the Company have sold $1,882,380 of
securities pursuant to General Instruction I.B.6 of Form S-3.

A full-text copy of the prospectus is available at:

                  https://tinyurl.com/4tep9zzt

                           About PAVmed

PAVmed Inc. is a diversified commercial-stage medical technology
company operating in the medical device, diagnostics, and digital
health sectors. Its subsidiary, Lucid Diagnostics Inc. (NASDAQ:
LUCD), is a commercial-stage cancer prevention medical diagnostics
company that markets the EsoGuard Esophageal DNA Test and EsoCheck
Esophageal Cell Collection Device -- the first and only commercial
tools for widespread early detection of esophageal precancer to
mitigate the risks of esophageal cancer deaths. Its other
subsidiary, Veris Health Inc., is a digital health company focused
on enhanced personalized cancer care through remote patient
monitoring using implantable biologic sensors with wireless
communication along with a custom suite of connected external
devices. Veris is concurrently developing an implantable
physiological monitor, designed to be implanted alongside a
chemotherapy port, which will interface with the Veris Cancer Care
Platform.

New York, NY-based Marcum LLP, the Company's auditor since 2019,
issued a "going concern" qualification in its report dated March
25, 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.


PERATON CORP: $855MM Bank Debt Trades at 20% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Peraton Corp is a
borrower were trading in the secondary market around 79.9
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $855 million Term loan facility is scheduled to mature on
February 1, 2029. The amount is fully drawn and outstanding.

Peraton Corp., headquartered in Reston, Virginia, is a provider of
communications networks and systems, enterprise IT and mission
support for federal agencies. The company is owned by Veritas
Capital.



PETSMART LLC: S&P Alters Outlook to Negative, Affirms 'B+' ICR
--------------------------------------------------------------
S&P Global Ratings revised its outlook to negative from stable and
affirmed all of its ratings, including its 'B+' issuer credit
rating on U.S.-based pet specialty retailer PetSmart LLC.

The negative outlook reflects the risk that PetSmart's performance
challenges persist, resulting in weaker credit metrics and cash
flow generation.

S&P said, "PetSmart's performance has fallen short of our
expectations this year, and we now forecast sales and earnings will
remain pressured into 2025. The company has struggled with softer
industry demand, changing consumer preferences, and stiff
competition this year, resulting in weaker-than-expected operating
results through the first nine months of 2024. We now expect
revenue and S&P Global Ratings-adjusted EBITDA will decline in
2024, compared to our previous expectation for modest growth.
Although we believe the overall pet industry remains generally
healthy, we anticipate the consumer and operating environment will
remain challenging in 2025, increasing the difficulty of PetSmart's
ability to stabilize and improve performance.

"We believe soft industry conditions and stiff competition caused
PetSmart to lose market share this year.   Comparable store sales
declined 4.4% during the most recent quarter and are down 4.7%
year-to-date through Oct. 27, 2024. Consumers seeking value and
convenience are increasingly consolidating their shopping trips,
pressuring transaction counts at PetSmart. Fewer customer visits
have led to declining comparable sales across the company's product
categories. Hardgoods and specialty products, which tend to be more
discretionary, have experienced more pronounced pressure, with
comparable sales down in the high-single-digit percent area.
Additionally, industry sales continue to move online as consumers
place greater emphasis on convenience. While PetSmart's digital
comparable sales growth approached 20% during the third quarter,
the shifting channel mix is a drag on earnings due to higher
fulfilment costs. As a result, the reduction in topline and shift
in PetSmart's sales mix toward its less profitable consumables
category, and growth in digital sales have weighed on margins. S&P
Global Ratings-adjusted EBITDA margin has compressed 260 basis
points (bps) year over year to just under 17% for the trailing 12
months ending Oct. 27, 2024."

PetSmart's strategic investments will weigh on near-term
profitability. In an effort to strengthen its value perception,
PetSmart is lowering prices on a selection of its most shopped
items. S&P said, "Closing the gap to peers will be key to
preserving market share, in our view. However, these price
investments will pressure margins over the near term. Following a
multiyear period of significant pet product cost inflation, we
expect roughly flat industry pricing in 2025. Given PetSmart's
large consumables business, which is primarily sourced
domestically, we believe it has less exposure than other retailers
to tariff risk. Overall, we forecast S&P Global Ratings-adjusted
EBITDA margin of around 16% in 2024, and remaining in this area in
2025."

Credit protection metrics have deteriorated, but PetSmart continues
to generate solid free operating cash flow (FOCF). Reduced earnings
this year have resulted in S&P Global Ratings-adjusted leverage
increasing to 4.3x as of the third quarter of 2024, up from 3.7x at
fiscal year-end 2023. S&P said, "PetSmart generated roughly $300
million in FOCF year-to-date, and we expect it will continue to
build cash in the fourth quarter. Capital expenditure (capex) is
roughly flat to last year's levels through the third quarter of
2024, with the majority of spending funding the company's strategic
initiatives, including enhancements to its digital capabilities.
Overall, we forecast annual FOCF of about $400 million to $500
million, with a consistent level of investment spending year over
year. Still, despite PetSmart's performance challenges this year
and weaker credit metrics, the company's financial-sponsor owners
continue to extract capital from the business, with dividends
exceeding $300 million as of Dec. 10, 2024. PetSmart's
financial-sponsor ownership remains a governance risk in our
view."

S&P said, "We view PetSmart's service offerings as a competitive
strength over mass-retailers and online competitors. Service sales,
which include professional grooming and boarding for cats and dogs,
as well as training and day camp for dogs accounted for
approximately 10% of PetSmart's revenue year to date. Despite a
modest decline of 0.2% in service sales year to date, grooming
services--the largest in-store offering--have shown growth in the
last two quarters, with salon year to date positive comparable
sales growth of 2.8%. We see PetSmart's service offerings as key to
attracting customers to their stores, creating opportunities for
cross-shopping."

The negative outlook reflects the risk that PetSmart's performance
challenges will persist, resulting in weaker credit metrics and
cash flow generation.

S&P could lower its ratings on PetSmart if it expects leverage to
increase to 5x. This could occur if:

-- Its operating performance continues to deteriorate due to
heightened competitive activity, resulting in continued market
share loss, industry softness from continued pressure on
discretionary spending or an inability to execute on its sales
initiatives; or

-- The company's sponsors pursue a leveraging transaction, or
financial policy becomes more aggressive, such as continuing to
take dividends amid weakening performance.

S&P could revise its outlook to stable if:

-- Operating performance improves, including positive comparable
store sales growth and stabilizing EBITDA margin;

-- The company demonstrates a financial policy that is consistent
with maintaining S&P Global Ratings-adjusted leverage below 5x;
and

-- PetSmart continues to generate meaningful levels of positive
FOCF.



PHYSICIAN PARTNERS: $150MM Bank Debt Trades at 60% Discount
-----------------------------------------------------------
Participations in a syndicated loan under which Physician Partners
LLC is a borrower were trading in the secondary market around 39.8
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $150 million Term loan facility is scheduled to mature on
December 22, 2028. About $148.9 million of the loan has been drawn
and outstanding.

Physician Partners LLC (dba Better Health Group) is a value-based
primary care physician group and managed service organization
network that services over 250,000 members, with over 1,000
providers and 111 owned centers. Private equity firm, Kinderhook
Industries, is an investor in Better Health Midco, LLC with LTM
revenue as of June 30, 2023 of approximately $1.1 billion.


PHYSMODO INC: Gets Final OK to Use Cash Collateral
--------------------------------------------------
Physmodo, Inc. received final approval from the U.S. Bankruptcy
Court for the Northern District of Texas, Dallas Division, to use
its secured creditors' cash collateral.

The court's final order approved the use of cash collateral to pay
operating expenses set forth in the company's projected budget.
Physmodo is not allowed to exceed 10% of the total expenses
provided in the budget without court approval.

The company's cash on hand and receivables as of the petition date
constitute cash collateral of its secured creditors. The U.S. Small
Business Administration is the primary senior secured creditor of
the company, which asserts interest in the cash collateral. Other
creditors include Eagle Enterprises II, LLC, whose claims are
likely unsecured due to the SBA's priority.

As adequate protection, any creditor with an interest in the cash
collateral will be granted replacement liens on the company's
assets and the proceeds thereof, and an administrative claim with
priority in payment over all other administrative expenses, debt
and obligations by the company. In addition, SBA will receive a
monthly payment of $2,195 from the company.

                        About Physmodo Inc.

Physmodo Inc. is a merchant wholesaler of professional and
commercial equipment and supplies in Dallas, Texas.

Physmodo sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. N.D. Texas Case No. 24-33699) on November 14, 2024,
with up to $500,000 in assets and up to $10 million in
liabilities.

Andrew Menter, chief executive officer of Physmodo, signed the
petition.

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


PLAYTIKA HOLDING: S&P Downgrades ICR to 'BB-', Outlook Stable
-------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Playtika
Holding Corp. to 'BB-' from 'BB'. In addition, S&P lowered its
issue-level ratings on the company's first-lien debt to 'BB' from
'BB+'; the recovery rating remains '2'. S&P also lowered its
issue-level ratings on its senior unsecured debt to 'B' from 'B+'.
At the same time, S&P removed all its ratings on the company from
CreditWatch, where S&P had placed them with negative implications
on Sept. 24, 2024.

S&P said, "The stable outlook reflects our expectation that
Playtika's adjusted leverage will remain below 4x over the next 12
months. In addition, we expect Playtika's free operating cash flow
(FOCF)-to-debt ratio to remain above 10% and that most of its cash
flow will support shareholder returns and acquisition related
payments."

Playtika's SuperPlay acquisition will increase S&P Global
Ratings-adjusted leverage above 3x, with further performance-based
cash earnout payments potentially sustaining it at those levels
through 2026.  In addition to the $700 million up-front cash
payment made at the deal's closing in November 2024, Playtika will
also incur additional earnout payments contingent on revenue and
EBITDA margin metrics based on SuperPlay's operating performance
from 2025 to 2027, with the first earnout payment due in the first
quarter of 2026. S&P said, "We consider these contingent
liabilities as debt and estimate that they will add approximately
$450 million to Playtika's total reported debt by the end of 2024.
As a result, we expect this transaction will increase Playtika's
S&P Global Ratings-adjusted leverage to about 3.3x in 2024 and for
leverage to remain above 3x over the next 18-24 months."

The actual earnout payments may vary significantly depending on
SuperPlay's operating performance, which could materially change
our fair value estimates of the liability and the actual cash
payments made by Playtika. The earnout is based on the level of
revenue growth in the first year and does not require positive
EBITDA. While the structure allows for the possibility of higher
earnout liabilities in the second year, it is contingent upon
achieving greater than 5% EBITDA margins. If SuperPlay does not
meet this threshold, the second-year earnout would not exceed the
first-year earnout, but in turn, EBITDA contribution from the
acquisition would remain minimal. Consequently, S&P forecasts that
this will likely keep Playtika's adjusted leverage elevated above
our 3x threshold at least through 2026.

Playtika's base business is facing pressures due to growing
competition, especially within its social casino-themed games.
While the company has good revenue diversification between social
casino and casual games, its earnings and cash flow were impacted
by weakness in a limited number of key casino themed games
including Slotomania, partially offset by growth in other titles
such as Bingo Blitz and in higher margin direct-to-consumer
platforms. The challenges facing some of these titles have
contributed to its weak operating performance this year. As of
Sept. 30, 2024, the company's revenue declined by about 2% year to
date, primarily driven by underperformance in its social casino
games. Slotomania, one of its larger games, was down 8% through the
first nine months of 2024 while Bingo Blitz was up 2%. While
revenue per active user increased due to improved conversion rates,
both the average daily paying users and active user counts have
continued to the decline. The company faces heightened competition
in the social casino gaming space, requiring additional marketing
spending, and the competitive environment will likely exert
continued pressure on revenue growth in the coming quarters.
Furthermore, the growth in other casual-themed games has not been
sufficient to offset these competitive pressures.

Playtika has adopted a more aggressive financial policy with
respect to acquisitions and shareholder returns, with more
tolerance for higher leverage.  In S&P's view, the SuperPlay
acquisition signals a more aggressive approach to acquisitions to
fuel growth than Playtika had previously articulated. In the first
quarter of 2024, Playtika had indicated that it was targeting a
three-year acquisition plan for a total of $600 million-$1.2
billion. However, the acquisition of SuperPlay consists of a $700
million initial payment and potentially up to $1.25 billion in
earnout payments over the next three years. In addition, the
company has indicated that it is still open to making more
opportunistic acquisitions in addition to SuperPlay. The company
also initiated a $150 million annual dividend and has an
authorization for $150 million in share repurchases. This increase
in leverage tolerance and focus on growth acquisitions, which we
expect would be leveraging, coupled with shareholder returns,
contributes to our expectation that leverage will remain above 3x
at least through 2026.

S&P said, "The stable outlook reflects our expectation that
Playtika's adjusted leverage will remain below 4x over the next 12
months. In addition, we expect Playtika's FOCF-to-debt ratio to
remain above 10% and that most of its cash flow will support
shareholder returns and acquisition-related payments."

S&P could lower its ratings if it expected Playtika's adjusted
leverage to approach 4x on a sustained basis. This could occur if:

-- The company pursued a more aggressive financial policy with
significant debt-financed acquisitions or shareholder returns,
indicating a tolerance for higher leverage levels;

-- Operating performance declined as competition in the social
casino and casual gaming landscape diminished revenue from daily
paying users; or

-- SuperPlay failed to generate profitability despite strong
top-line revenue growth due to intense competition that challenged
its monetization capabilities.

S&P could raise its ratings on Playtika if:

-- S&P expected the company's adjusted leverage to decline and
remain below 3x on a sustained basis and maintain a track record
that supports lower leverage; and

-- The company's underlying operating performance improved with
top titles reversing recent declines, driving revenue growth and
EBITDA margin expansion.



PLOW UNDERGROUND: Claims to be Paid From Business Revenue
---------------------------------------------------------
Plow Underground Construction, LLC, filed with the U.S. Bankruptcy
Court for the Northern District of Georgia a Plan of Reorganization
dated December 9, 2024.

The Debtor's business is the installation of underground utility
cables and fiber optics (the "Business"). Debtor has two equal
members, Salvadore Nunez and Steven Nunez. Steven Nunez is the
managing member and chief executive officer of the Business.

The Debtor acts as a subcontractor for fiber optic and underground
utility contractors to lay the cables underground (the
"Contractors"). Debtor hires independent contractors to perform the
work. Debtor owns machinery specific to the Business that is
encumbered by UCC-1 financing statements securing the loans Debtor
obtained to purchase the machinery. Debtor does not own any
unencumbered assets.

This Plan deals with all property of Debtor and provides for
treatment of all Claims against Debtor and its property.

Class 8 consists of the general unsecured creditors ("GUCs"). The
Allowed Claims of GUCs shall be paid in full within seven days of
the Bankruptcy Court's entry of the Confirmation Order. This Class
is impaired and is entitled to vote on the Plan.

The following are the GUCs and the amounts of the Allowed Claims of
each: American Express National Bank ($10,880.93); American Express
National Bank ($1,506.06); Wells Fargo, N.A. ($5,626.53); Business
First Insurance Company ($18,250.54); Crum & Forster Specialty
Insurance (To be determined); and American Zurich Insurance Company
($0.00).

Class 9 consists of Steven Nunez and Salvadore Nunez, the two
equity interest holders of Debtor. Steven Nunez and Salvadore Nunez
shall retain their interests in the reorganized Debtor as the 100%
owners of the outstanding membership interests.

Upon confirmation, Debtor will be charged with administration of
the Case. Debtor will be authorized and empowered to take such
actions as are required to effectuate the Plan. Debtor will file
all post-confirmation reports required by the United States
Trustee's office or by the Subchapter V Trustee.

The source of funds for the payments pursuant to the Plan is
Debtor's revenue.

A full-text copy of the Plan of Reorganization dated December 9,
2024 is available at https://urlcurt.com/u?l=GQMdqL from
PacerMonitor.com at no charge.

Attorney for the Debtor:

     William A. Rountree, Esq.
     Rountree, Leitman, Klein & Geer, LLC
     Century I Plaza
     2987 Clairmont Road, Suite 350
     Atlanta, GA 30329
     Telephone: (404) 584-1238
     Email: wrountree@rlkglaw.com

      About Plow Underground Construction

Plow Underground Construction, LLC is a construction company that
specializes in underground construction services. This includes
services like trenching, tunneling, and other subsurface work
essential for utilities, drainage systems, and other infrastructure
projects.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No. 24-21101) with $50,001 to
$100,000 in assets and $500,001 to $1 million in liabilities.

Judge James R. Sacca oversees the case.

The Debtor is represented by William A. Rountree, Esq. at Rountree
Leitman Klein & Geer, LLC.


PRESBYTERIAN HOMES: Files Emergency Bid to Use Cash Collateral
--------------------------------------------------------------
Presbyterian Homes and Services of Kentucky, Inc. asked the U.S.
Bankruptcy Court for the Western District of Kentucky, Louisville
Division, for authority to use cash collateral to pay operating
expenses through Jan. 31, 2025.

Presbyterian offers assisted living, low-income housing, and
previously provided skilled nursing care.

Facing financial challenges due to the exit from skilled nursing,
renovations, and limited cash flow, Presbyterian is exploring
strategies for financial stability, including the redevelopment of
a vacant building and the potential sale of assets. Despite these
challenges, Presbyterian plays a vital role in providing affordable
housing and care for low-income seniors in the community, filling a
crucial need for this vulnerable population.

Until March 2022, Presbyterian and its affiliate, St. James Group,
Inc., enjoyed a cooperative and like-minded relationship with their
primary lender, Commonwealth Bank & Trust Company. Commonwealth
understood PHSK's mission and the unpredictability of the burdened
senior living industry.

Presbyterian had a long-standing relationship with Commonwealth
Bank, which understood the organization's mission and the
complexities of the senior living industry. Stock Yards Bank and
Trust Company acquired Commonwealth and inherited its loan but
struggled to understand the organization and its unique needs.

After SYB acquired Presbyterian's loan from Commonwealth Bank, the
relationship between the two entities strained. Despite
Presbyterian's transparency and efforts to collaborate, including
proposing a strategic plan and seeking a line of credit, SYB
delayed funding, filed a UCC lien without prior notice, and
ultimately pursued an expensive receivership. Presbyterian,
believing this action to be detrimental to its mission and the
well-being of the seniors it serves, viewed Chapter 11 bankruptcy
as the only viable option to protect the organization and ensure
its continued operation.

Presbyterian was indebted to SYB in the amount of approximately
$4.996 million as of the petition date. This obligation arose out
of the original loan by Commonwealth, which has an outstanding
balance of $4.741 million, and the subsequent extension of credit
by its successor in interest, SYB, which has an outstanding balance
of $255,296.

Presbyterian said there is no need for any additional provision of
adequate protection of creditors given its valuations and
projections. To the extent that there is any adequate protection
necessary, Presbyterian proposed that the court grant each of these
creditors a replacement lien on all collateral of the same type and
respective priorities upon which each held valid and properly
perfected liens prior to the petition date, subject only to the
carveout.

A court hearing is set for Jan. 9, 2025.

         About Presbyterian Homes and Services of Kentucky

Presbyterian Homes and Services of Kentucky, Inc.  offers assisted
living and low-income housing to senior citizens.

Presbyterian sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Ky. Case No. 24-33060) on December 15,
2024, with up to $10 million in both assets and liabilities. Hattie
H. Wagner, president and chief executive officer of Presbyterian,
signed the petition.

Judge Alan C. Stout oversees the case.

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


PRIMAL MATERIALS: Gets OK to Use Cash Collateral Until Jan. 2
-------------------------------------------------------------
Primal Materials, LLC received interim approval from the U.S.
Bankruptcy Court for the Northern District of Texas, Abilene
Division, to use its secured creditors' cash collateral.

The interim order signed by Judge Robert Jones authorized the
company to use cash collateral until Jan. 2 or until the occurrence
of a so-called termination event.

Primal Materials requires the use of cash collateral, including
deposits on hand, accounts receivable collected pre-bankruptcy, and
funds generated from continued operations, to fund its operating
expenses.

Secured creditors, ALJR Ventures, LLC and FundThrough USA, Inc.,
assert an interest in the cash collateral.

To protect secured creditors in the event of any diminution in the
value of their collateral, the interim order granted secured
creditors a replacement lien on post-petition assets and their
proceeds.

The final hearing is set for Jan. 2. Objections are due by Dec.
30.

                      About Primal Materials

Primal Materials, LLC filed Chapter 11 petition (Bankr. N.D. Texas
Case No. 24-10217) on December 12, 2024, with $500,001 to $1
million in both assets and liabilities. Victor John Hirsch, III,
member and manager, signed the petition.

Judge Robert L. Jones oversees the case.

Joseph F. Postnikoff, Esq., at Rochelle McCullough, LLP --
jpostnikoff@romclaw.com -- serves as legal counsel to the Debtor.


PROMEDICA HEALTH: Moody's Alters Outlook on Ba2 Rating to Positive
------------------------------------------------------------------
Moody's Ratings has revised ProMedica Health System's (OH) outlook
to positive from stable. The Ba2 rating was affirmed. The system
has $1.8 billion in outstanding debt.

The outlook change to positive reflects the successful completion
of corporate restructuring initiatives and greater discipline
managing core operations, which will help sustain material
year-to-date improvement in financial performance and liquidity.

RATINGS RATIONALE

Affirmation of the Ba2 rating reflects ProMedica's strong market
position in northwest Ohio, supported by its extensive hospital and
physician network, which will drive volume growth in a competitive
region. The completion of a major corporate downsizing and greater
focus on the remaining core operations will help sustain the
material year-to-date improvement in cashflow and cash. However,
high debt will keep cash-to-debt low and require
higher-than-average cashflow to reduce operating leverage. Also,
while improving, the assisted living business dilutes system
margins.

RATING OUTLOOK

The positive outlook reflects operating cashflow margins (OCF) on
pace to exceed 7% in fiscal 2025, resulting in under 8 times
debt-to-cashflow, and days cash on hand will remain over 100 days.

FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATINGS

-- Credible plans to sustain OCF margin of 7-8% and under 8 times
debt-to-cashflow in fiscal 2025

-- System cash on hand projected to be maintained over 100 days

FACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATINGS

-- Incremental debt or cash-to-debt falls under 50%

-- Decline in operating cashflow margin below 5%

LEGAL SECURITY

Bonds have a joint and several pledge of gross revenues of the
obligated group, which is 70% of system revenue. In addition, the
bonds are secured by a mortgage and security interest in and
assignment of rents from ProMedica Toledo Hospital and ProMedica
Flower Hospital. The largest non-obligated group members are the
parent ProMedica Corporation, ProMedica Foundation, and ProMedica
Physician Group. The Second Amended and Restated MTI allows for a
substitution of notes, which could lead to a different security in
the future. The parent guarantees lease obligations for the
assisted living facilities; the lease does not have a note on
parity with the obligated group.

PROFILE

ProMedica operates 10 hospitals and one affiliated hospital
primarily in northwest Ohio, a large physician group, 59 assisted
living and memory care facilities in 11 states, and a dental
insurance plan.

METHODOLOGY

The principal methodology used in these ratings was Not-for-profit
Healthcare published in October 2024.


RANGER BEARINGS: Seeks to Hire Payne Law Firm as Legal Counsel
--------------------------------------------------------------
Ranger Bearings, LLC seeks approval from the U.S. Bankruptcy Court
for the Western District of Tennessee to hire Payne Law Firm as
counsel.

The firm will render these services:

     a. advise and consult with the Debtor-in-Possession regarding
questions arising from certain contract negotiations which will
occur during the operation of business by the
Debtor-in-Possession;

     b. evaluate and attack claims of various creditors who may
assert security interests in the assets and who may seek to disturb
the continued operation of the business;

     c. appear in, prosecute, or defend suits and proceedings, and
to take all necessary and proper steps and other matters and things
involved in or connected with the affairs of the estate of the
Debtor;

     d. represent the Debtor in court hearings and to assist in the
preparation of contracts, reports, accounts, petitions,
applications, orders and other papers and documents as may be
necessary in this proceeding;

     e. advise and consult with Debtor in connection with any
reorganization plan which may be proposed in this proceeding and
any matters concerning Debtor which arise out of or follow the
acceptance or consummation of such reorganization or its rejection;
and

     f. perform such other legal services on behalf of Debtor as
they become necessary in this proceeding.

The firm will be paid at these rates:

      Jerome C. Payne      $400 per hour
      Associates           $200 per hour
      Paralegals           $175 per hour

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

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

The firm can be reached through:

     Jerome C. Payne, Esq.
     PAYNE LAW FIRM
     3525 Ridge Meadow Parkway, Suite 100
     Memphis, TN 38115
     Tel: (901) 794-0884
     Fax: (901) 235-1246
     Email: jerpaynelaw@gmail.com

             About Ranger Bearings, LLC

Ranger Bearings, LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tenn. Case No.
24-25657) on Nov. 13, 2024, listing $1 million to $10 million in
both assets and liabilities. The petition was signed by Haines
O'Neil as managing member of American Railway Services, LLC.

Judge Denise E Barnett presides over the case.

Craig M. Geno, Esq. at Law Offices Of Craig M. Geno, PLLC
represents the Debtor as counsel.


REDSTONE HOLDCO: $1.11BB Bank Debt Trades at 39% Discount
---------------------------------------------------------
Participations in a syndicated loan under which Redstone Holdco 2
LP is a borrower were trading in the secondary market around 61.5
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $1.11 billion Term loan facility is scheduled to mature on
April 27, 2028. The amount is fully drawn and outstanding.

Redstone Holdco 2 LP and Redstone Buyer LLC were formed as part of
the buyout of the RSA Security business from Dell Inc.


REDSTONE HOLDCO: $450MM Bank Debt Trades at 53% Discount
--------------------------------------------------------
Participations in a syndicated loan under which Redstone Holdco 2
LP is a borrower were trading in the secondary market around 47.4
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $450 million Term loan facility is scheduled to mature on April
27, 2029. The amount is fully drawn and outstanding.

Redstone Holdco 2 LP and Redstone Buyer LLC were formed as part of
the buyout of the RSA Security business from Dell Inc.



RESHAPE LIFESCIENCES: Registers 2.1MM Shares for Possible Resale
----------------------------------------------------------------
Reshape Lifesciences, Inc. filed a preliminary prospectus on Form
S-1 relating to the resale, from time to time, of up to 2,112,072
shares of its common stock by the selling stockholder, Ascent
Partners Fund LLC. The common stock to which the prospectus relates
includes:

     (1) up to 1,666,667 shares of common stock that have been or
may be issued to Ascent pursuant to an Equity Purchase Agreement
between Reshape Lifesciences and Ascent dated as of December 19,
2024,

     (2) 17,300 shares of Reshape Lifesciences' common stock that
it issued to Ascent on December 19, 2024 as a commitment fee under
the Equity Purchase Agreement,

     (3) 21,015 shares of Reshape Lifesciences' common stock
issuable upon the exercise of a pre-funded warrant that it issued
to Ascent on December 19, 2024 as a commitment fee under the Equity
Purchase Agreement,

     (4) up to 399,107 shares of common stock upon conversion of a
senior secured convertible note in the original principal amount of
$833.333.34 that we issued to Ascent on October 16, 2024 at an
initial conversion price of $5.22 per share, and

     (5) 7,983 shares of common stock that Reshape Lifesciences
issued to Ascent on October 16, 2024 as a commitment fee for the
Convertible Note transaction.

According to Reshape Lifesciences, "We will not receive any
proceeds from the sale of shares of common stock by Ascent,
however, we may receive gross proceeds of up to $5,000,000 from the
sale of common stock to Ascent under the Equity Purchase Agreement,
from time to time, in our discretion after the date of the
registration statement of which this prospectus is a part is
declared effective and after satisfaction of other conditions in
the Equity Purchase Agreement."

"The shares of our common stock included in this prospectus are
being registered for resale pursuant to the terms of the terms of
the Equity Purchase Agreement described herein under the section
titled "Description of Equity Financing Transaction" and the terms
of the Securities Purchase Agreement and related Registration
Rights Agreement. We will bear all fees and expenses incident to
our obligation to register the shares of common stock."

"We will not receive any proceeds from the sale of shares of common
stock by Ascent. However, we may receive up to $5,000,000 in
aggregate gross proceeds from sales of our common stock to Ascent
that we may, in our discretion, elect to make, from time to time
after the date of this prospectus, pursuant to the Equity Purchase
Agreement. Any proceeds received by us from the sale of shares of
common stock to Ascent pursuant to the Equity Purchase Agreement
will be used for general corporate purposes, including expenses
related to our previously announced proposed merger with Vyome
Therapeutics, Inc. and sale of substantially all of our assets to
Ninjour Health International Limited, provided that under the terms
of the Securities Purchase Agreement for the Convertible Note
transaction with Ascent, we must use 66% of the net proceeds from
any issuance of capital stock, including under an equity line of
credit, to prepay the amount we owe to Ascent under the Convertible
Note."

Ascent may sell or otherwise dispose of the shares of common stock
included in the prospectus in a number of different ways and at
varying prices. The price that Ascent will pay for the shares of
common stock to be resold pursuant to this prospectus will depend
upon the timing of sales and will fluctuate based on the trading
price of our common stock and will be set at the price per share
pursuant to the issuance notice under the Equity Purchase Agreement
that we deliver to Ascent.  The price paid for each share of common
stock upon each closing under the Equity Purchase Agreement shall
be 93% of the volume-weighted average price, of the common stock on
the trading day prior to such closing; provided, that if 93% of the
lowest VWAP in the four trading days following such closing is
lower than such price per share, then, as a "true-up", we shall
issue additional shares of common stock to Ascent so as to ensure
that the total number of shares received by Ascent is equal to the
number it would have received for the aggregate purchase price paid
at such closing if the shares of common stock had been valued at
such lower number.

"Although Ascent is obligated to purchase shares of our common
stock under the terms and subject to the conditions and limitations
of the Equity Purchase Agreement to the extent we choose to sell
such shares of our common stock to it (subject to certain
conditions), the timing and amount of any sales of common stock by
Ascent are within the sole discretion of Ascent. There can be no
assurances that we will choose to sell any shares of our common
stock to Ascent, or that Ascent will sell any or all of the shares
of our common stock purchased under the Equity Purchase Agreement
pursuant to this prospectus. While the Equity Purchase Agreement
contains certain limitations regarding the number of shares of
common stock that we can sell to Ascent under the Equity Purchase
Agreement, the number of shares of common stock that we can sell to
Ascent under the Equity Purchase Agreement could constitute a
considerable percentage of our public float at the time of such
sales. As a result, our stockholders may experience significant
dilution as a result of the resale by Ascent of shares of common
stock pursuant to this prospectus."

"We will pay the expenses of registering the shares of common stock
offered by this prospectus, but all selling and other expenses
incurred by Ascent will be paid by itself. Ascent acknowledges that
it is disclosed as an "underwriter" within the meaning of Section
2(a)(11) of the Securities Act."

A full-text copy of Report is available at:

                  https://tinyurl.com/449ewu3d

                    About ReShape Lifesciences

ReShape Lifesciences Inc. (Obalon Therapeutics, Inc.) is a weight
loss and metabolic health-solutions company, offering an integrated
portfolio of proven products and services that manage and treat
obesity and metabolic disease.

Irvine, California-based RSM US LLP, the Company's auditor since
2022, issued a "going concern" qualification in its report dated
April 1, 2024, citing that the Company has suffered recurring
losses from operations and negative cash flows. The Company
currently does not generate revenue sufficient to offset operating
costs and anticipates such shortfalls to continue. This raises
substantial doubt about the Company's ability to continue as a
going concern.


REVIVA PHARMACEUTICALS: Laxminarayan Bhat Holds 6.8% Equity Stake
-----------------------------------------------------------------
Laxminarayan Bhat disclosed in a Schedule 13D/A filed with the U.S.
Securities and Exchange Commission that as of December 18, 2024, he
beneficially owned 3,198,242 shares Reviva Pharmaceuticals
Holdings, Inc.'s common stock, representing 6.8% of the 46,579,199
shares of common stock outstanding as of December 18, 2024, as
reported directly by Reviva Pharmaceuticals to Mr. Bhat.

Of the 3,198,242 shares of Common Stock reported as beneficially
owned by Mr. Bhat herein, for purposes of Rule 13d-3 under the Act,
Mr. Bhat:

     (A) has sole voting power and dispositive power with respect
to an aggregate of 2,994,173 of such shares, consisting of:

          (i) 2,478,856 shares of Common Stock held by Mr. Bhat,
and

         (ii) 515,317 shares of Common Stock issuable upon the
exercise of options held by Mr. Bhat that are exercisable or will
be exercisable within 60 days of the Filing Date; and

     (B) may be deemed to share voting power and dispositive power
with respect to an aggregate of 204,069 of such shares, consisting
of:

           (i) 5,388 shares of Common Stock held by Mr. Bhat's
spouse, and

          (ii) 198,681 shares of Common Stock issuable upon the
exercise of options held by Mr. Bhat's spouse that are exercisable
or will be exercisable within 60 days of the Filing Date.

The amount of shares reported as beneficially owned by Mr. Bhat
excludes:

          (ii) 86,134 shares of Common Stock underlying unvested
options held by Mr. Bhat and

          (ii) 29,162 shares of Common Stock underlying unvested
options held by Mr. Bhat's spouse, in each case that are not
exercisable within 60 days of the Filing Date.

Mr. Laxminarayan Bhat may be reached at:

     10080 N. Wolfe Rd., Suite SW3-200
     Cupertino, CA, 95014
     408-501-8881

A full-text copy of Mr. Bhat's SEC Report is available at:

                  https://tinyurl.com/2hy7mk9s

              About Reviva Pharmaceuticals Holdings

Cupertino, Calif.-based Reviva Pharmaceuticals Holdings, Inc. is a
late-stage biopharmaceutical company that discovers, develops, and
seeks to commercialize next-generation therapeutics for diseases
representing unmet medical needs and burdens to society, patients,
and their families.

                           Going Concern

The Company's current cash on hand is not sufficient to satisfy its
operating cash needs for the 12 months from the filing its
Quarterly Report on Form 10-Q for the period ended June 30, 2024.
The Company believes that it has adequate cash on hand to cover
anticipated outlays into the third quarter of fiscal year 2024, but
will need additional fundraising activities and cash on hand during
the third quarter of fiscal year 2024. These conditions raise
substantial doubt regarding the Company's ability to continue as a
going concern for a period of one year after the date the financial
statements are issued.

The Company will seek to fund its operations through public or
private equity or debt financings or other sources, which may
include collaborations with third parties. In May 2024, the Company
raised capital through a registered financial offering. Adequate
additional financing may not be available to the Company on
acceptable terms, or at all. Should the Company be unable to raise
sufficient additional capital, the Company may be required to
undertake cost-cutting measures, including delaying or
discontinuing certain clinical activities.


RODA LLC: Updates PacWest Secured Claims Pay Details
----------------------------------------------------
RODA, LLC and Kenneth S. Eiler, Trustee of Roy MacMillan Estate,
submitted a First Amended Disclosure Statement for Joint Plan of
Liquidation for RODA and Roy MacMillan dated December 10, 2024.

The Plan provides for the resolution of any claim objections, the
pursuit of any accounts receivable still owed to RODA and the
investigation and possible pursuit of any avoidance claims.

RODA intends to file a motion with the Court prior to confirmation
of the Plan to make an interim distribution to PacWest of
$4,000,000.00 of the Sale Proceeds. That will leave more than
enough to cover the remaining fees and costs associated with plan
confirmation and administration of the estate as set forth in the
Plan. The Holders of the Equity Interests shall retain their
interests following Confirmation.

The Schedules reflect Claims totaling $8,694,852.20, which includes
(i) the Secured Claim of PacWest in the amount of $7,376,400.70.00;
(ii) an unsecured claim filed by MacMillan in the amount of
$1,287,950.00, which under the terms of the guaranty that MacMillan
signed in favor of PacWest was assigned to PacWest; and (iii)
general unsecured claims in the amount of $30,501.50.00.

    RODA Estate Classified Claims and Interests

Class 1 consists of the Secured Claim of PacWest. The Class 1 Claim
is allowed in the amount that it was filed, which was on March 7,
2023 in the RODA Case (i) in the amount of the Sale Proceeds, which
totaled $5,426,127.44, and (ii) the amount of any accounts
receivable recovered by RODA (collectively, the "Collateral"). The
Holder of the Class 1 Claim shall retain its lien on the Collateral
to secure the Class 1 Claim and the Class 1 Claim shall be paid
from the Collateral as detailed herein. Except as modified by the
terms of the Plan, the provisions of the PacWest pre-petition loan
documents with RODA shall remain in full force and effect.

The Debtor shall pay the Holder of the Class 1 Claim the Sale
Proceeds minus the amounts PacWest has agreed to pay to Douglas R.
Ricks $30,693.52, in satisfaction of his administrative expense
claim, the amount that PacWest has agreed to pay to the sole claim
in Class 2, SRL Legal, LLC in the amount of $10,000.00, and a
holdback of $200,000 (the "Holdback") for Allowed Administrative
Expenses incurred by the Court-approved accountant, Boverman and/or
Foster Garvey, PC ("FG") to complete the accounting work needed and
to investigate and recover any accounts receivable and/or Avoidance
Claims. Any excess amounts in the Holdback at the closing of the
RODA case shall be paid to the Holder of the Class 1 Claim.

The Class 2 Claims consist of the claim of SRL Legal, LLC in the
amount of $26,936.50 and the unsecured deficiency claim of PacWest.
Based upon agreement between PacWest and SRL Legal, LLC (the only
Class 2 Claim that RODA believes is an allowed Class 2 Claim other
than the deficiency claim of PacWest) shall receive $10,000.00 from
the Sale Proceeds (the "Carveout") in satisfaction of its Allowed
Claim. To the extent that there are claims that are determined to
be Class 2 Allowed Claims in addition to that of SRL Legal, LLC,
SRL Legal, LLC and such other Class 2 Allowed Claims shall receive
a Pro Rata distribution of the Carveout from the Debtor or
Post-Confirmation Debtor on or before December 31, 2024.

    MacMillan Estate Classified Claims and Interests

Class 1 consists of the Secured Claim of PacWest. The Debtor shall
pay the Holder of the Class 1 Claim the proceeds from the sale of
the MacMillan Farm Property (excluding the MacMillan Unencumbered
Property) minus the amounts PacWest has agreed to pay chapter 11
administrative expenses of the MacMillan Case pursuant to the
Stipulation Regarding Sale of Property and Carve-Out and Order
Thereon (the "MacMillan Carve-Out Order"). The Holder of the Class
1 Claim shall retain its lien on the MacMillan Farm Property to the
same extent, validity and priority as the lien had prior to the
Effective Date and such lien shall secure the Class 1 Claim.

The Plan shall implement the MacMillan Carve-Out Order which shall
continue to be fully enforceable following confirmation of the
Plan. If the parties have not agreed upon the value allocations
necessary to implement the MacMillan Carve-Out Order within 60 days
of the Effective Date, the Plan Agent shall file a motion
requesting a determination of value with the Bankruptcy Court,
which shall then determine such values following notice and a
hearing. The Plan Agent is excused from any requirement to file an
adversary complaint for such determination.

Class 3 consists of the General Unsecured Claims. Class 3 Allowed
Claims will receive a Pro Rata distribution of the net proceeds
after liquidation of unencumbered assets of the MacMillan Estate.
The Trustee's Liquidation Analysis under this Plan is set forth on
Exhibit 3 to the Disclosure Statement (the "Chapter 11 Liquidation
Analysis").

RODA previously received Court authority to sell the RODA Property
free and clear of all liens, claims and interests, which sale
closed on July 31, 2024. There may be accounts receivable collected
and/or Avoidance Action recoveries obtained by RODA
post-confirmation.

The Trustee intends to proceed to sell the MacMillan Farm Property
pursuant to Section 363 of the Bankruptcy Code. To the extent the
Trustee does not close a sale of the MacMillan Farm Property prior
to confirmation of the Plan, the Plan Agent will close the sale of
the MacMillan Farm Property. The Trustee anticipates that the
MacMillan Farm Property will be sold as a whole, and a purchase
price allocation shall be negotiated or fixed by the Bankruptcy
Court to determine the allocable value of the Unencumbered
MacMillan Property. The Trustee and/or Plan Agent, as applicable,
will also liquidate the remaining assets in the MacMillan Estate.

A full-text copy of the First Amended Disclosure Statement dated
December 10, 2024 is available at https://urlcurt.com/u?l=GjEapu
from PacerMonitor.com at no charge.

Attorneys for Debtor RODA, LLC:

     Tara J. Schleicher, Esq.
     FOSTER GARVEY PC
     Eleventh Floor
     121 SW Morrison Street
     Portland, Oregon 97204-3141
     Telephone: (503) 228-3939
     Facsimile: (503) 226-0259

Attorneys for Kenneth S. Eiler, Trustee of Roy MacMillan Estate:

     David W. Criswell, Esq.
     Andrew J. Geppert, Esq.
     LANE POWELL PC
     601 S.W. Second Avenue, Suite 2100
     Portland, Oregon 97204
     Telephone: 503.778.2100
     Facsimile: 503.778.2200

                         About RODA LLC

RODA, LLC, a company in Washington County, Ore., sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ore. Case
No. 23-30250) on Feb. 6, 2023. In the petition signed by its
managing member, Roy MacMillan, the Debtor disclosed up to $10
million in both assets and liabilities.

Judge Teresa H. Pearson oversees the case.

Douglas R. Ricks, Esq., at Vander Bos and Chapman, LLP and
Intellequity Legal Services, LLC serve as the Debtor's bankruptcy
counsel and special counsel, respectively.

Kenneth S. Eiler, the Chapter 11 trustee, tapped Lane Powell, PC as
legal counsel and Bennington & Moshofsky, P.C. as accountant.


RYVYL INC: Shareholders Elect 5 Directors at Annual Meeting
-----------------------------------------------------------
RYVYL, Inc. Company held its 2024 annual meeting of stockholders on
December 19, 2024, during which the Company's stockholders:

     (i) elected Ben Errez, Fredi Nisan, Genevieve Baer, David
Montoya and Ezra Laniado to serve as the directors of the Company;

    (ii) ratified the appointment of Simon & Edward, LLP as the
Company's independent registered public accounting firm for the
fiscal year ending December 31, 2024;

   (iii) approved the issuance of common stock in excess of 20% of
the number of shares of the Company's common stock outstanding, as
required pursuant to Nasdaq Listing Rule 5635(d); and

    (iv) approved the amendments to the 2023 equity incentive plan;
to increase the number of shares of common stock reserved for
issuance with respect to awards granted under the 2023 EIP from
1,098,262 shares of common stock to 5,098,262 shares of common
stock, and to increase the number of shares that can be issued upon
exercise of Incentive Stock Options under the 2023 EIP from
1,098,262 shares of common stock to 5,098,262 shares of common
stock.

Stockholders of record at the close of business on October 22, 2024
were entitled to one vote for each share of common stock. On the
Record Date, there were 7,346,203 shares of common stock
outstanding. The amount of issued and outstanding shares of common
stock present at the Annual Meeting, in person or by proxy, was
sufficient to constitute a quorum.

                        About RYVYL, Inc.

San Diego, Calif.-based RYVYL Inc., together with its subsidiaries,
is a financial technology company that develops, markets, and sells
innovative blockchain-based payment solutions, which offer
significant improvements for the payment solutions marketplace.

Rowland Heights, Calif.-based Simon & Edward, LLP, the Company's
auditor since 2022, issued a "going concern" qualification in its
report dated March 25, 2024, citing that there has been a notable
decrease in the Company's processing volume during the first
quarter of 2024. This decrease is primarily due to the transition
of the QuickCard product in North America, which has resulted in a
significant decline in processing volume and revenue. Consequently,
this has affected the Company's short-term cash flow for operating
activities, jeopardizing its ability to continue as a going
concern.


S & O INVESTMENTS: Gets Interim OK to Use Cash Collateral
---------------------------------------------------------
S & O Investments, Inc. received interim approval from the U.S.
Bankruptcy Court for the District of Kansas to use cash
collateral.

The company was authorized to use cash collateral, including
revenue collected in the ordinary course of business, through
February 17, 2025, in accordance with the budget, with a 10%
variance.

As adequate protection, Dream First Bank (DFB) was granted a
replacement lien on all post-petition cash collateral and
post-petition acquired property to the same extent and priority it
possessed as of the Petition Date.

The company will make adequate protection payments to DFB as
follows:

     A monthly payment of $13,500.00, commencing on January 1,
2025.
     An additional payment of $13,500.00 from the RHID rebate in
February 2025.

The order provides for a carve-out of up to $125,000 for the
company's attorney fees and expenses, and up to $25,000 for other
professional fees and disbursements.

The carve-out shall not constitute a limitation on any of the
foregoing expenses and costs of the company's bankruptcy estate,
but merely constitute a maximum amount of such costs that takes
priority over the post-petition adequate protection liens granted
by this interim order.

A final hearing on the motion is scheduled for February 4, 2025, at
9:00 a.m.

                         About S & O Investments Inc.

S & O Investments Inc., doing business as Notting Hill Rentals, is
engaged in activities related to real estate.

S & O Investments Inc. and affiliates sought relief under Chapter
11 of the U.S. Bankruptcy Code (Bankr. D. Kan. Lead Case No.
24-11166) on November 14, 2024. In the petition filed by Amro M.
Samy, as president, the Debtor reports estimated assets up to
$50,000 and estimated liabilities between $1 million and $10
million.

Honorable Bankruptcy Judge Mitchell L. Herren oversees the case.

The Debtor is represented by:

     Nicholas R. Grillot, Esq.
     HINKLE LAW FIRM LLC
     1617 N. Waterfront Parkway, Suite 400
     Wichita, KS 67206
     Tel: 316-267-2000
     Fax: 316-264-1518
     Email: ngrillot@hinklaw.com


S & W SALES: Seeks Cash Collateral Access
-----------------------------------------
S & W Sales and Service, LLC asked the U.S. Bankruptcy Court for
the Middle District of Georgia for authority to use cash
collateral.

The company requires the use of cash collateral, including account
receivables to make payroll and maintain its business. Collectable
account receivables are approximately $507,000 for contract work
completed or for draws for which S & W Sales is now eligible to
receive.

The creditors that may claim an interest in the company's account
receivables are the Central Bank of Georgia, Bank of Early, Marlin
Business Bank, U.S. Small Business Administration, Newtek Small
Business Finance, LLC, American Contractors Indemnity Co., ASSN
Co., CT Corporation Service as representative, CHTD Company, and
Lexington National Insurance Corporation.

Central Bank of Georgia and Bank of Early have now become Five Star
Financial.

As adequate protection, S & W Sales proposed to grant the lenders a
post-petition security interest in post-petition inventory and
proceeds, to the same extent and with the same priority as their
pre-bankruptcy security interest in exchange for the company's
continued use of cash collateral post-petition.

                   About S & W Sales and Service

S & W Sales and Service, LLC is a limited liability company in Fort
Valley, Ga.

S & W Sales and Service sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Ga. Case No. 24-51814) on December 2,
2024, with assets between $500,000 and $1 million and liabilities
between $1 million and $10 million. Waldo Moody, a managing member
of S & W Sales, signed the petition.

Judge Robert M. Matson handles the case.

The Debtor is represented by Wesley J. Boyer, Esq., at Boyer Terry,
LLC.


SABER AUTOMOTIVE: Arturo Cisneros Named Subchapter V Trustee
------------------------------------------------------------
The U.S. Trustee for Region 16 appointed Arturo Cisneros as
Subchapter V trustee for Saber Automotive, LLC.

Mr. Cisneros will be paid an hourly fee of $600 for his services as
Subchapter V trustee while the trustee administrator will be
compensated at $200 per hour. In addition, the Subchapter V trustee
will receive reimbursement for work-related expenses incurred.

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

The Subchapter V trustee can be reached at:

     Arturo Cisneros
     3403 Tenth Street, Suite 714
     Riverside, CA 92501
     Phone: (951) 682-9705/(951) 682-9707
     Email: Arturo@mclaw.org

                       About Saber Automotive

Saber Automotive, LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Calif. Case No. 24-13090) on December
2, 2024, with total assets of $32,500 and total liabilities of
$1,347,548. Fardis Rezvani, managing member, signed the petition.

The Debtor is represented by:

     Michael R. Totaro, Esq.
     Totaro & Shanahan, LLP
     PO Box 789
     Pacific Palisades CA 90272
     Tel: (310) 804-2157
     Email: Ocbkatty@aol.com


SAFE & GREEN: Fails to Meet Nasdaq's Minimum Bid Price Requirement
------------------------------------------------------------------
Safe & Green Holdings Corp. disclosed in a Form 8-K Report filed
with the U.S. Securities and Exchange Commission that on December
12, 2024, it received a letter from the Listing Qualifications
Department of The Nasdaq Stock Market LLC notifying the Company
that for the preceding 30 consecutive business days (October 30,
2024 through December 11, 2024), the Company's common stock did not
maintain a minimum closing bid price of $1.00 per share as required
by Nasdaq Listing Rule 5550(a)(2). The notice has no immediate
effect on the listing or trading of the Company's common stock and
the common stock will continue to trade on The Nasdaq Capital
Market under the symbol "SGBX."

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company
has an initial compliance period of 180 calendar days, or until
June 10, 2025, to regain compliance with Nasdaq Listing Rule
5550(a)(2). Compliance may be achieved if the closing bid price of
the Company's common stock is at or above $1.00 for a minimum of
ten consecutive business days at any time during the 180-day
compliance period, in which case Nasdaq will notify the Company of
its compliance and the matter will be closed, unless Nasdaq
exercises its discretion to extend the ten-day period.

If, however, the Company does not achieve compliance with the
Minimum Bid Price Requirement by June 10, 2025, the Company may be
eligible for additional time to comply. In order to be eligible for
such additional time, the Company will be required to meet the
continued listing requirement for market value of publicly held
shares and all other initial listing standards for The Nasdaq
Capital Market, with the exception of the Minimum Bid Price
Requirement, and must notify Nasdaq in writing of its intention to
cure the deficiency during the second compliance period.

If it appears to Nasdaq that the Company will not be able to cure
the deficiency in the second compliance period, if the price of the
Company's common stock is less than $0.10 for ten consecutive
trading days during a compliance period (pursuant to Nasdaq Listing
Rule 5810(c)(3)(A)(iii)), or if the Company is otherwise not
eligible, Nasdaq will provide notice that the Company's common
stock will be subject to delisting from The Nasdaq Capital Market.
At that time, the Company may appeal the delisting determination to
a Hearings Panel (as defined by Nasdaq Listing Rule 5805(d)).

The Company intends to continue to monitor the bid price of its
common stock and will consider available options to regain
compliance with Nasdaq's listing requirements, including such
actions as effecting a reverse stock split, to maintain its Nasdaq
listing. There can be no assurance, however, that the Company will
be able to do so.

                        About Safe & Green

Safe & Green Holdings Corp. is a modular solutions company
headquartered in Miami, Florida. The company specializes in the
development, design, and fabrication of modular structures,
focusing on safe and green solutions across various industries.

The Woodlands, Texas-based M&K CPAS, PLLC, the Company's auditor
since 2024, issued a "going concern" qualification in its report
dated May 7, 2024, citing that the Company experienced net losses
since inception, negative working capital, and negative cash flows
from operations, which raise substantial doubt about the Company's
ability to continue as a going concern.

Safe & Green Holdings reported net losses of $26,757,906 and
$7,089,242 for the fiscal years ended December 31, 2023, and 2022,
respectively. As of June 30, 2024, Safe & Green Holdings had
$20,928,509 in total assets, $25,717,784 in total liabilities, and
$4,789,275 in total stockholders' deficit.


SAMYS OC: Court OKs Interim Use of Cash Collateral Until Feb. 17
----------------------------------------------------------------
Samys OC, LLC received interim approval from the U.S. Bankruptcy
Court for the District of Kansas to use cash collateral.

The company was authorized to use cash collateral, including
revenue collected in the ordinary course of business, through Feb.
17, 2025, in accordance with its projected budget.

As adequate protection, secured creditors Dream First Bank and the
U.S. Small Business Administration were granted replacement liens
on all post-petition cash collateral and post-petition acquired
property to the same extent and with the same priority as their
pre-bankruptcy liens.

As additional protection, Dream First Bank will receive payment of
$52,596.07 by Dec. 31; $59,913.90 by Jan.  31, 2025; and $59,913.90
by Feb. 17, 2025.

The interim order provides for a carve-out of up to $125,000 for
attorney fees and expenses, and up to $25,000 for other
professional fees and disbursements.

The carve-out shall not constitute a limitation on any of the
foregoing expenses and costs of the company's bankruptcy estate but
merely constitute a maximum amount of such costs that takes
priority over the post-petition adequate protection liens granted
by the interim order.

A final hearing is scheduled for Feb. 4, 2025.

                        About Samys OC, LLC

Samys OC, LLC filed its voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. D. Kansas Case No. 24-11166) on
Nov. 14, 2024, listing up to $50,000 in assets and $10 million to
$50 million in liabilities. The petition was signed by Amro M. Samy
as managing member.

Judge Mitchell L Herren presides over the case.

Nicholas R. Grillot, Esq., at Hinkle Law Firm, LLC represents the
Debtor as bankruptcy counsel.


SEARED INC: Seeks to Hire Rachel L. Kaylie P.C. as Legal Counsel
----------------------------------------------------------------
Seared Inc. seeks approval from the U.S. Bankruptcy Court for the
Eastern District of New York to hire Law Offices of Rachel L.
Kaylie, P.C. to serve as legal counsel in its Chapter 11 case.

The firm's services include:

     a. advising the Debtor with respect to its powers and duties
in the continued management of its business;

     b. attending meetings and negotiating with representatives of
creditors and other parties in interest and consulting with the
Debtor on the conduct of its case;

     c. taking all necessary action to protect and preserve the
Debtor's estate;

     d. preparing legal papers and appearing before the courts;

     e. preparing and negotiating a Chapter 11 plan, disclosure
statement and related documents;

     f. advising in connection with any sales of assets, auctions
and other transactions; and

     g. performing other legal services for the Debtor; and

     h. appearing before the court and protecting the interests of
the Debtor's creditors.

The firm's hourly rates are as follows:

     Attorneys                       $450 per hour
     Paraprofessionals/Specialists   $100 per hour

As disclosed in court filings, the Law Offices of Rachel L. Kaylie
is a disinterested person within the meaning of Section 101(14) of
the Bankruptcy Code.

The firm can be reached through:

     Rachel L. Kaylie, Esq.
     Law Offices of Rachel L. Kaylie, P.C.
     1702 Avenue Z, Suite 205
     Brooklyn, NY 11235
     Tel: (718) 615-9000
     Fax: (718) 228-5988
     Email: rachel@kaylielaw.com

             About Seared Inc.

Seared Inc. sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. N.Y. Case No. 24-43918) on September
20, 2024, with up to $50,000 in assets and up to $1 million in
liabilities.

Judge Jil Mazer-Marino presides over the case.

Lawrence Morrison, Esq., represents the Debtor as legal counsel.


SEKO GLOBAL: Davis Polk Advised Lenders on Recapitlization
----------------------------------------------------------
Davis Polk advised a group of first-lien lenders in connection with
a comprehensive out-of-court recapitalization of SEKO Global
Logistics Network, LLC and its affiliates. The recapitalization was
announced by SEKO on December 11, 2024, and supported by the key
stakeholders. The transaction provided for SEKO's existing lenders,
comprising premier global financial institutions, to assume
majority ownership of the company. SEKO also received significant
new investment from its new ownership.

Founded in 1976, SEKO is a premier retail and e-commerce logistics
provider which specializes in transportation, logistics, freight
forwarding and warehousing, delivering complete supply chain
solutions. Across its 150 offices, SEKO provides logistical
solutions to companies from over 60 countries worldwide.

The Davis Polk restructuring team included partners Damian S.
Schaible and Natasha Tsiouris and associates Jarret Erickson,
Katarzyna (Kate) M. Fine and Jonathan (Zhenyang) He. The finance
team included partner Christian Fischer and associates Alexander
K.B. Shimamura and Linyang Wu. The corporate team included counsel
Ajay B. Lele and associate Lidong (Roderick) Sheng. Partners Corey
M. Goodman and Patrick E. Sigmon and associates Charles (David)
Collier and David J. Beer provided tax advice. The executive
compensation team included partner Adam Kaminsky. Members of the
Davis Polk team are based in the New York and Washington DC
offices.

Davis Polk refers to Davis Polk & Wardwell LLP, a New York limited
liability partnership, and its associated entities.



SEVEN RIVERS: Seeks to Use Cash Collateral
------------------------------------------
Seven Rivers Leasing Corporation, Inc. asked the U.S. Bankruptcy
Court for the Western District of Arkansas, Fort Smith Division,
for authority to use cash collateral.

The company owns certain real estate used in the operation of its
business and has a real estate mortgage in favor of First Financial
Bank. The real estate mortgage given to FFB contains an assignment
of rents clause, but such assignment is for additional security and
not absolutely.

As adequate protection, the lender will receive adequate protection
payment. The adequate protection payment will commence on or before
the last day in the first full month after an order is entered
granting the motion or as otherwise ordered by the court, and will
continue monthly thereafter on or before the 21st day of each
succeeding calendar month until the confirmation of a subsequently
proposed Chapter 11 plan, or until Seven Rivers' Chapter 11 case is
converted to one under Chapter 7 or is dismissed.

As additional protection, Seven Rivers will continue to insure its
real and personal property, which constitutes the lender's
collateral.

              About Seven Rivers Leasing Corporation
Inc.

Seven Rivers Leasing Corporation, Inc. is primarily engaged in
renting and leasing real estate properties.

Seven Rivers Leasing Corporation filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Ark.
Case No. 24-70617) on April 16, 2024, listing $2,964,760 in assets
and $999,863 in liabilities. The petition was signed by Brenda
Sloan as secretary and treasurer.

Judge Bianca M. Rucker presides over the case.

Donald A. Brady, Jr., Esq., at Brady Law Firm represents the Debtor
as bankruptcy counsel.


SHARK CLUB: Todd Hennings Named Subchapter V Trustee
----------------------------------------------------
The U.S. Trustee for Region 21 appointed Todd Hennings, Esq., at
Macey, Wilensky & Hennings, LLP as Subchapter V trustee for Shark
Club Logistics, LLC.

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

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

The Subchapter V trustee can be reached at:

     Todd E. Hennings, Esq.
     Macey, Wilensky & Hennings, LLP
     5500 Interstate North Parkway, Suite 435
     Sandy Springs, GA 30328
     Phone: (404) 584-1222
     Email: info@joneswalden.com

                    About Shark Club Logistics

Shark Club Logistics, LLC, a company in Smyrna, Ga., filed Chapter
11 petition (Bankr. N.D. Ga. Case No. 24-62761) on Dec. 2, 2024,
listing as much as $1 million to $10 million in both assets and
liabilities. Taronne Long, sole member of Shark Club Logistics,
signed the petition.

Jones & Walden, LLC serves as the Debtor's legal counsel.


SHILO INN BEND: Use of Cash Collateral Extended to Jan. 23
----------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Washington
issued an agreed order rescheduling the hearing on the use of cash
collateral by Shilo Inn, Bend, LLC and Shilo Inn, Warrenton, LLC to
Jan. 23, 2025.

The court's 11th interim order issued on Aug. 30, which authorized
the companies' use of cash collateral remains in effect until the
new hearing date, with the "outside date" of Nov. 30 extended to
Jan. 31, 2025, and monthly payments continued to Jan. 15, 2025.

                About Shilo Inn, Bend, and Shilo Inn, Warrenton

Shilo Inn, an independently owned and operated hospitality company
with locations in seven western states and Texas, operate Shilo
Inn, Bend, LLC and Shilo Inn, Warrenton, LLC in Oregon.

On August 13, 2021, the companies contemporaneously filed voluntary
Chapter 11 petitions with the U.S. Bankruptcy Court for the Western
District of Washington. The cases are jointly administered under
Shilo Inn, Bend, LLC's case (Bankr. W.D. Lead Case No. 21-41340).

Judge Mary Jo Heston presides over the cases.

On the Petition date, Shilo Inn, Bend estimated $10 million to $50
million in both assets and liabilities, while Shilo Inn, Warrenton
estimated $1 million to $10 million in both assets and liabilities.
The petitions were signed by Mark Hemstreet as secretary of Shilo
Bend Corp., the Debtors' manager.


SHILO INN IDAHO FALLS: Use of Cash Collateral Extended to Jan. 23
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Washington
issued an agreed order rescheduling the hearing on the use of cash
collateral by Shilo Inn, Idaho Falls, LLC to Jan. 23, 2025.

The court's 15th interim order issued on Aug. 30, which authorized
the company's use of cash collateral remains in effect until the
new hearing date, with the "outside date" of Nov. 30 extended to
Jan. 31, 2025, and monthly payments continued to Jan. 15, 2025.

                 About Shilo Inn, Idaho Falls, LLC

Shilo Inn, Idaho Falls, LLC filed a Chapter 11 petition (Bankr.
W.D. Wash. Case No. 20-42489) on November 2, 2020. At the time of
filing, Idaho Falls disclosed up to $50 million in assets and up to
$10 million in liabilities.

Judge Brian D. Lynch oversees the case.

Levene, Neale, Bender, Yoo & Brill L.L.P. and Stoel Rives LLP serve
as counsel to Idaho Falls.

Idaho Falls' case is not jointly administered with those of Shilo
Inn, Ocean Shores, LLC, and Shilo Inn, Nampa Suites, LLC, both of
which sought Chapter 11 protection (Bankr. W.D. Wash. Lead Case No.
20-42348) on October 15, 2020. Ocean Shores and Nampa Suites' cases
are jointly administered.

Lane Powell PC represents RSS CGCMT 2017P7-ID SIIF, LLC, the
secured creditor.


SHILO INN OCEAN SHORES: Use of Cash Collateral Extended to Jan. 23
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Washington
issued an agreed order rescheduling the hearing on the use of cash
collateral by Shilo Inn, Ocean Shores, LLC and Shilo Inn, Nampa
Suites, LLC to Jan. 23, 2025, via telephone.

The court's 16th interim order issued on Aug. 30, which authorized
the companies' use of cash collateral remains in effect until the
new hearing date, with the "outside date" of Nov. 30 extended to
Jan. 31, 2025, and monthly payments continued to Jan. 15, 2025.

                          About Shilo Inn

Hospitality companies Shilo Inn, Ocean Shores, LLC and Shilo Inn,
Nampa Suites, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Wash. Lead Case No. 20-42348) on Oct.
15, 2020.

At the time of filing, Shilo Inn, Ocean Shores disclosed assets of
between $10 million and $50 million and liabilities of the same
range. Shilo Inn, Nampa Suites disclosed $1 million to $10 million
in both assets and liabilities.

Judge Brian D. Lynch oversees the cases.

The Debtors tapped Levene, Neale, Bender, Yoo & Brill L.L.P. as
their bankruptcy counsel and Stoel Rives LLP as their local
counsel.


SIYATA MOBILE: Secures First Major Dutch Order for 550 SD7 Handsets
-------------------------------------------------------------------
Siyata Mobile Inc., proudly announced its first major order in The
Netherlands for a prominent national Dutch transportation company,
marking a significant milestone in its international expansion. The
order, comprising 550 units of its SD7 handsets, will be delivered
by Siyata in the fourth quarter of 2024.

This landmark order demonstrates Siyata's growing reputation as a
global leader in the emerging multibillion-dollar Push-to-Talk over
Cellular industry.

Marc Seelenfreund, CEO of Siyata Mobile, commented, "This order
underscores the increasing recognition of our innovative PoC
solutions outside of North America. While the U.S. remains a
primary focus, our ability to secure a significant contract in The
Netherlands illustrates the international appeal of our technology.
It's a strong testament to Siyata's capability to address the
evolving communication needs of enterprise customers worldwide. By
replacing traditional two-way radios, our PoC devices offer
superior coverage, enhanced audio clarity, and cost
efficiency--benefits that resonate globally."

Siyata Mobile continues to make strides internationally, proving
that its cutting-edge technology is not confined to one market but
is being embraced by organizations in diverse regions.

                        About Siyata Mobile

British Columbia, Canada-based Siyata Mobile Inc. is a B2B global
developer and vendor of next-generation Push-To-Talk over Cellular
handsets and accessories. Its portfolio of rugged PTT handsets and
accessories enables first responders and enterprise workers to
instantly communicate over a nationwide cellular network of choice,
to increase situational awareness and save lives. Police, fire, and
ambulance organizations as well as schools, utilities, security
companies, hospitals, waste management companies, resorts and many
other organizations use Siyata PTT handsets and accessories.

Jerusalem, Israel-based Barzily and Co., the Company's auditor
since 2023, issued a "going concern" qualification in its report
dated April 3, 2024, citing that the Company has suffered recurring
losses from operations, high accumulated losses, outstanding bank
loan and an outstanding balance in respect of the sale of future
receipts, that raise substantial doubt about its ability to
continue as a going concern.

Siyata Mobile incurred a net loss of $12,931,794 during the year
ended December 31, 2023, compared to a net loss of $15,299,251 in
2022. As of June 30, 2024, Siyata Mobile had a cash balance of $2.7
million compared to $0.9 million as of December 31, 2023.


SK BEAUTY: Todd Hennings Named Subchapter V Trustee
---------------------------------------------------
The U.S. Trustee for Region 21 appointed Todd Hennings, Esq., at
Macey, Wilensky & Hennings, LLP as Subchapter V trustee for SK
Beauty Institute and Salon Suite, Inc.

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

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

The Subchapter V trustee can be reached at:

     Todd E. Hennings, Esq.
     Macey, Wilensky & Hennings, LLP
     5500 Interstate North Parkway, Suite 435
     Sandy Springs, GA 30328
     Phone: (404) 584-1222
     Email: info@joneswalden.com

                     About SK Beauty Institute

SK Beauty Institute and Salon Suite, Inc. sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No.
24-62792) on December 3, 2024.


SKY FITNESS 24/7: Christine Brimm Named Subchapter V Trustee
------------------------------------------------------------
Gerard Vetter, Acting U.S. Trustee for Region 4, appointed
Christine Brimm, Esq., as Subchapter V trustee for Sky Fitness
24/7, LLC.

Ms. Brimm, a practicing attorney in Myrtle Beach, S.C., will be
paid an hourly fee of $350 for her services as Subchapter V trustee
and an hourly fee of $150 for paralegal services. In addition, the
Subchapter V trustee will receive reimbursement for work-related
expenses incurred.   

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

The Subchapter V trustee can be reached at:

     Christine E. Brimm
     P.O. Box 14805
     Myrtle Beach, SC 29587
     Telephone: 803-256-6582
     Email: cbrimm@bartonbrimm.com

                       About Sky Fitness 247

Sky Fitness 247, LLC filed Chapter 11 petition (Bankr. D. S.C. Case
No. 24-04316) on Dec. 2, 2024, with up to $50,000 in assets and up
to $500,000 in liabilities.

Robert A. Pohl, Esq., at Pohl Bankruptcy, LLC is the Debtor's legal
counsel.


SKY FITNESS: Seeks to Hire POHL PA as Bankruptcy Counsel
--------------------------------------------------------
Sky Fitness 247, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Southern California to hire Robert A. Pohl,
Esq. of POHL, PA as its bankruptcy counsel.

The firm's services include:

     a. providing the Debtor with legal advice with respect to its
powers and duties in the continued management and control of its
assets, and its responsibilities regarding its liabilities to
creditors;

     b. providing legal advice regarding the Debtor's
responsibility to provide insurance and bank account information
and file monthly operating reports, plan of reorganization,
disclosure statement, and final report; and

     c. preparing bankruptcy schedules, statement of financial
affairs, reports, plan of reorganization and other documents.

The hourly rates charged by the firm's attorneys and paralegals are
as follows:

     Attorneys               $425 per hour
     Paralegals               $75 per hour

The firm will be paid a retainer in the amount of $$6,738 and will
be reimbursed for its out-of-pocket expenses.

Robert Pohl, Esq., a partner at Pohl, PA, disclosed in a court
filing that his firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Robert A. Pohl, Esq.
     POHL, PA
     P.O. Box 27290
     Greenville, SC 29616
     Tel: (864) 233-6294
     Fax: (864) 558-5291
     Email: Robert@POHLPA.com

       About Sky Fitness 247

Sky Fitness 247, LLC filed Chapter 11 petition (Bankr. D. S.C. Case
No. 24-04316) on Dec. 2, 2024, with up to $50,000 in assets and up
to $500,000 in liabilities.

Robert A. Pohl, Esq., at Pohl Bankruptcy, LLC is the Debtor's legal
counsel.


SORENTO ON YESLER: Files Chapter 11 Bankruptcy in Washington
------------------------------------------------------------
On December 17, 2024, Sorento on Yesler Owner LLC filed Chapter 11
protection in the Western District of Washington. According to
court filing, the Debtor reports  between $10 million and $50
million in debt owed to 1 and 49 creditors. The petition states
funds will be available to unsecured creditors.

           About Sorento on Yesler Owner LLC

Sorento on Yesler Owner LLC is a Single Asset Real Estate debtor
(as defined in 11 U.S.C. Section 101(51B)).

Sorento on Yesler Owner LLC sought relief under   Chapter 11 of
the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 24-13217) on
December 17, 2024. In the petition filed by Bogdan Maksimchuk, as
managing member of sole equity holder, the Debtor reports estimated
assets and liabilities between $10 million and $50 million each.

Honorable Bankruptcy Judge Christopher M. Alston handles the case.

The Debtor is represented by:

     Christopher L. Young, Esq.
     LAW OFFICES OF CHRISTOPHER L. YOUNG PLLC
     92 Lenora #146
     Seattle WA 98121
     Tel: (206) 407-5829
     Email: chris@christopherlyoung.com


SPIRIT AIRLINES: Hires Alvarez & Marsal as Financial Advisor
------------------------------------------------------------
Spirit Airlines, Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to employ Alvarez & Marsal
North America, LLC as financial advisors.

The firm's services include:

     (a) assistance to the Debtors in the preparation of
financial-related disclosures required by the Court, including the
Debtors' Schedules of Assets and Liabilities, Statements of
Financial Affairs and Monthly Operating Reports;

     (b) assistance to the Debtors with information and analyses
required pursuant to the Debtors' debtor-in-possession financing;

     (c) assistance with the identification and implementation of
short-term cash management procedures;

     (d) advisory assistance in connection with the development and
implementation of key employee compensation and other critical
employee benefit programs;

     (e) assistance with the identification of executory contracts
and leases and performance of cost/benefit evaluations with respect
to the affirmation or rejection of each;

     (f) assistance to Debtors' management team and counsel focused
on the coordination of resources related to the ongoing
reorganization effort;

     (g) assistance in the preparation of financial information for
distribution to creditors and others, including, but not limited
to, cash flow projections and budgets, cash receipts and
disbursement analysis, analysis of various asset and liability
accounts, and analysis of proposed transactions for which Court
approval is sought;

     (h) attendance at meetings and assistance in discussions with
potential investors, banks, and other secured lenders, any official
committee(s) appointed in these Chapter 11 Cases, the Office of the
U.S. Trustee for the Southern District of New York (the "U.S.
Trustee"), other parties in interest and professionals hired by
same, as requested;

     (i) analysis of creditor claims by type, entity, and
individual claim, including assistance with development of
databases, as necessary, to track such claims;

     (j) assistance in the preparation of information and analysis
necessary for the confirmation of a plan of reorganization in these
Chapter 11 Cases, including information contained in the disclosure
statement;

     (k) assistance in the evaluation and analysis of avoidance
actions, including fraudulent conveyances and preferential
transfers;

     (l) assistance in the analysis / preparation of information
necessary to assess the tax attributes related to the confirmation
of a plan of reorganization in these Chapter 11 Cases, including
the development of the related tax consequences contained in the
disclosure statement;

     (m) litigation advisory services with respect to accounting
and tax matters, along with expert witness testimony on
case-related issues as required by the Debtors; and

     (n) provision of such other general business consulting or
such other assistance as Debtors' management or counsel may deem
necessary consistent with the role of a financial advisor to the
extent that it would not be duplicative of services provided by
other professionals in this proceeding.

The firm will be paid at these rates:

     Managing Directors    $1,100 to $1,575 per hour
     Directors             $850 to $1,100 per hour
     Associates            $625 to $825 per hour
     Analysts              $450 to $600 per hour

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

A&M received $350,000 from Spirit Parent as a retainer.

Robert Caruso, a senior managing director at Alvarez & Marsal North
America, disclosed in a court filing that the firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Robert M. Caruso
     Alvarez & Marsal North America, LLC
     201 Tresser Blvd.
     Stamford, CT 06901
     Tel: (203) 239-7900
     Fax: (203) 352-8998
     Email: robert.caruso@alvarezandmarsal.com

          About Spirit Airlines

Spirit Airlines, Inc. (NYSE: SAVE) is a low-fare carrier committed
to delivering the best value in the sky by offering an enhanced
travel experience with flexible, affordable options. Spirit serves
destinations throughout the United States, Latin America and the
Caribbean with its Fit Fleet, one of the youngest and most
fuel-efficient fleets in the U.S. On the Web:
http://wwww.spirit.com/

Spirit Airlines filed Chapter 11 petition (Bankr. S.D.N.Y. Case No.
24-11988) on Nov. 18, 2024, after reaching terms of a pre-arranged
plan with bondholders. At the time of the filing, Spirit Airlines
reported $1 billion to $10 billion in both assets and liabilities.

Judge Sean H. Lane oversees the case.

The Debtor tapped Davis Polk & Wardwell, LLP as legal counsel;
Alvarez & Marsal North America, LLC as financial advisor; and Epiq
Corporate Restructuring, LLC as claims agent.

Paul Hastings, LLP and Ducera Partners, LLC serve as legal counsel
for the Ad Hoc Group of Convertible Noteholders.

Akin Gump Strauss Hauer & Feld, LLP and Evercore Group LLC
represent the Ad Hoc Group of Senior Secured Noteholders.


SPIRIT AIRLINES: Hires Davis Polk & Wardwell as Attorney
--------------------------------------------------------
Spirit Airlines, Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to employ Davis Polk &
Wardwell LLP as attorneys.

The firm's services include:

     (a) preparing, on behalf of the Debtors all necessary or
appropriate motions, applications, objections, replies, answers,
orders, reports, and other papers in connection with the
administration of the Debtors' estates;

     (b) counseling the Debtors with regard to their rights and
obligations as debtor in possession and their powers and duties in
the continued management and operation of their businesses and
properties;

     (c) providing advice, representation, and preparation of
necessary documentation and pleadings and taking all necessary or
appropriate actions in connection with debt restructuring,
statutory bankruptcy issues, post-petition financing, strategic
transactions, securities laws, and real estate, environmental,
intellectual property, employee benefits, business and commercial
litigation, and corporate and tax matters;

     (d) taking all necessary or appropriate actions to protect and
preserve the Debtors' estates, including the prosecution of actions
on the Debtors' behalf, the defense of any actions commenced
against the Debtors, the negotiation of disputes in which the
Debtors are involved, and the preparation of objections to claims
filed against the Debtors' estates;

     (e) taking all necessary or appropriate actions in connection
with any chapter 11 plan, any related disclosure statement, and all
related documents and such further actions as may be required in
connection with the administration of the Debtors' estates; and

     (f) acting as general restructuring counsel for the Debtors
and performing all other necessary or appropriate legal services in
connection with the Chapter 11 Cases.

The hourly rates charged by the firm's attorneys and
paraprofessionals are as follows:

     Partners            $1,915 to $2,375 per hour
     Counsel             $1,725 to $1,830 per hour
     Associates          $695 to $1,590 per hour
     Paraprofessionals   $460 to $650 per hour

In addition, the firm will receive reimbursement for work-related
expenses incurred.

The Debtors provided Davis Polk with advance payments to establish
a retainer totaling $9,609,448.13.

The following is provided in response to the request for additional
information set forth in Section D.1 of the UST Guidelines:

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

   Answer: Davis Polk has agreed to a discount off of its standard
rates.

   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 post-petition, explain the
difference and the reasons for the difference.

   Answer: As of the Petition Date, the applicable rates for
timekeepers on this matter were as follows: $1,915 to $2,375 per
hour for partners; $1,725 to $1,830 per hour for counsel; $695 to
$1,590 per hour for associates; and $460 to $650 per hour for
paraprofessionals. Davis Polk represented the Debtors during the
12-month period prior to the Petition Date and, during that time,
the range of Davis Polk's rates were as follows: $1,705 to $2,420
per hour for partners; $1,615 to $2,040 per hour for counsel; $645
to $1,705 per hour for associates; and $420 to $795 per hour for
paraprofessionals. Davis Polk's billing rates and material
financial terms have not changed post-petition.

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

   Answer: The Debtors and Davis Polk have discussed the staffing
requirements of these Chapter 11 Cases and have agreed that a
formal budget and staffing plan are not necessary given the
anticipated scope and duration of these proceedings. The Court has
approved a general 13-week Debtor budget on an interim basis, which
includes Davis Polk's engagement and which budget is set forth in
set forth in Schedule 1 to the Interim Order (I) Authorizing the
Debtors to Use Cash Collateral, (II) Granting Adequate Protection
to the Prepetition Secured Parties, (III) Modifying Automatic Stay,
(IV) Scheduling a Final Hearing, and (V) Granting Related Relief
[ECF No. 80].

Marshall Huebner, Esq., a partner at Davis Polk & Wardwell,
disclosed in a court filing that his firm is a "disinterested
person" pursuant to Section 101(14) of the Bankruptcy Code.

Davis Polk & Wardwell can be reached at:

     Marshall Huebner, Esq.
     Davis Polk & Wardwell, LLP
     450 Lexington Avenue
     New York, NY 10017
     Phone: (212) 450-4213
     Email: marshall.huebner@davispolk.com

          About Spirit Airlines

Spirit Airlines, Inc. (NYSE: SAVE) is a low-fare carrier committed
to delivering the best value in the sky by offering an enhanced
travel experience with flexible, affordable options. Spirit serves
destinations throughout the United States, Latin America and the
Caribbean with its Fit Fleet, one of the youngest and most
fuel-efficient fleets in the U.S. On the Web:
http://wwww.spirit.com/      

Spirit Airlines filed Chapter 11 petition (Bankr. S.D.N.Y. Case No.
24-11988) on Nov. 18, 2024, after reaching terms of a pre-arranged
plan with bondholders. At the time of the filing, Spirit Airlines
reported $1 billion to $10 billion in both assets and liabilities.

Judge Sean H. Lane oversees the case.

The Debtor tapped Davis Polk & Wardwell, LLP as legal counsel;
Alvarez & Marsal North America, LLC as financial advisor; and Epiq
Corporate Restructuring, LLC as claims agent.

Paul Hastings, LLP and Ducera Partners, LLC serve as legal counsel
for the Ad Hoc Group of Convertible Noteholders.

Akin Gump Strauss Hauer & Feld, LLP and Evercore Group LLC
represent the Ad Hoc Group of Senior Secured Noteholders.


SPIRIT AIRLINES: Hires Debevoise & Plimpton as Fleet Counsel
------------------------------------------------------------
Spirit Airlines, Inc. and its affiliates seek approval from the
U.S. Bankruptcy Court for the Southern District of New York to
employ Debevoise & Plimpton LLP as fleet counsel.

The firm will render legal services with respect to:

     (a) aircraft, aircraft financing and lease arrangements;

     (b) tax and other issues with respect to such financing and
lease arrangements;

     (c) negotiations relating to the aircraft, aircraft financing
and lease arrangements;

     (d) issues under sections 362, 363, 364 and 365 of the
Bankruptcy Code relating to the treatment of aircraft, aircraft
financing and lease arrangements;

     (e) issues relating to claims arising from Spirit's aircraft;

     (f) general corporate, securities and finance matters;

     (g) necessary applications, motions, complaints, answers,
orders, reports and other pleadings and documents in connection
with the foregoing; and

     (h) certain other matters in or related to the Chapter 11
Cases.

The firm will be paid at these hourly rates:

                               2024              2025

     Partners            $1,630 to 2,280    $1,950 to 2,575
     Counsel             $1,550 to 1,935    $1,700 to 2,125
     Associates          $810 to 1,490      $890 to 1,635
     Paraprofessionals   $355 to 820        $390 to 900

The Debtors paid $400,000 to Debevoise as an advanced payment
retainer.

The following is provided in response to the request for additional
information set forth 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: No.

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

   Response: No. The hourly rates used by Debevoise in representing
the Debtors are consistent with the rates Debevoise charges other
comparable chapter 11 clients, regardless of the 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. If your billing rates and
material financial terms have changed postpetition, explain the
difference and the reasons for the difference.

   Response: As disclosed above, Debevoise has represented the
Debtors for more than 12 years prior to the Petition Date. During
that time period, Debevoise charged its standard rates, subject to
the customary annual rate increases applicable to all clients. The
postpetition billing rates and the material financial terms of
Debevoise's employment are consistent with those in place 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 Debtors and Debevoise have discussed the staffing
requirements of these Chapter 11 Cases and have determined that a
formal budget and staffing plan are not necessary given the
anticipated scope and duration of these cases. Additionally, the
Court has approved a general 13-week budget on an interim basis,
which includes Debevoise's engagement and which budget is set forth
in set forth in Schedule 1 to the Interim Order (I) Authorizing the
Debtors to Use Cash Collateral, (II) Granting Adequate Protection
to the Prepetition Secured Parties, (III) Modifying Automatic Stay,
(IV) Scheduling a Final Hearing, and (V) Granting Related Relief
[ECF No. 80].

Jasmine Ball, Esq., a partner at Debevoise & Plimpton, 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:

     Jasmine Ball, Esq.
     Nick S. Kaluk, III, Esq.
     Elie J. Worenklein, Esq.
     Debevoise & Plimpton LLP
     919 Third Avenue
     New York, NY 10022
     Telephone: (212) 909-6000
     Facsimile: (212) 909-6836

        About Spirit Airlines

Spirit Airlines (NYSE: SAVE) is a low-fare carrier committed to
delivering the best value in the sky by offering an enhanced travel
experience with flexible, affordable options. Spirit serves
destinations throughout the United States, Latin America and the
Caribbean with its Fit Fleet, one of the youngest and most
fuel-efficient fleets in the U.S. On the Web:
http://wwww.spirit.com/

Spirit Airlines, Inc. filed a petition seeking relief under Chapter
11 of the United States Bankruptcy Code (Bankr. S.D.N.Y. Case No.
24-11988) on Nov. 18, 2024, after reaching terms of a pre-arranged

plan with bondholders.

Davis Polk & Wardwell LLP is the Debtors' attorneys, and Alvarez &
Marsal North America, LLC, is the financial advisor. Epiq is the
claims agent.

Paul Hastings LLP and Ducera Partners LLC are advising the Ad Hoc
Group of Convertible Noteholders.

Akin Gump Strauss Hauer & Feld LLP, and Evercore Group L.L.C. are
advising the Ad Hoc Group of Senior Secured Noteholders.


SPIRIT AIRLINES: Hires Epiq Corporate as Administrative Advisor
---------------------------------------------------------------
Spirit Airlines, Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to employ Epiq Corporate
Restructuring LLC as administrative agent.

The firm will render these services:

     (a) assist with, among other things, solicitation, balloting
and tabulation of votes, and prepare any related reports, as
required in support of confirmation of a Chapter 11 plan, and in
connection with such services, process requests for documents;

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

     (c) assist with the preparation of the Debtors' schedules of
assets and liabilities and statements of financial affairs and
gather data in conjunction therewith, but only to the extent that
Ankura Consulting Group, LLC is not doing do;

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

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

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

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

     Executive Vice President, Solicitation              $195
     Solicitation Consultant                             $185
     Consultants/ Directors/Vice Presidents              $185
     Case Managers                                       $85 -
$180
     IT/Programming                                      $55 - $80

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

Epiq received a retainer of $50,000 from the Debtor.

In addition, Epiq will seek reimbursement for expenses incurred.

Kathryn Tran, a consulting director at Epiq Corporate
Restructuring, disclosed in a court filing that the firm is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Kathryn Tran
     Epiq Corporate Restructuring, LLC
     777 Third Avenue, 12th Floor
     New York, NY 10017
     Tel: (714) 394-6998
     Email: ktran@epiqglobal.com

          About Spirit Airlines

Spirit Airlines, Inc. (NYSE: SAVE) is a low-fare carrier committed
to delivering the best value in the sky by offering an enhanced
travel experience with flexible, affordable options. Spirit serves
destinations throughout the United States, Latin America and the
Caribbean with its Fit Fleet, one of the youngest and most
fuel-efficient fleets in the U.S. On the Web:
http://wwww.spirit.com/

Spirit Airlines filed Chapter 11 petition (Bankr. S.D.N.Y. Case No.
24-11988) on Nov. 18, 2024, after reaching terms of a pre-arranged
plan with bondholders. At the time of the filing, Spirit Airlines
reported $1 billion to $10 billion in both assets and liabilities.

Judge Sean H. Lane oversees the case.

The Debtor tapped Davis Polk & Wardwell, LLP as legal counsel;
Alvarez & Marsal North America, LLC as financial advisor; and Epiq
Corporate Restructuring, LLC as claims agent.

Paul Hastings, LLP and Ducera Partners, LLC serve as legal counsel
for the Ad Hoc Group of Convertible Noteholders.

Akin Gump Strauss Hauer & Feld, LLP and Evercore Group LLC
represent the Ad Hoc Group of Senior Secured Noteholders.


SPIRIT AIRLINES: Hires Perella Weinberg as Investment Banker
------------------------------------------------------------
Spirit Airlines, Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to employ Perella Weinberg
Partners LP as investment banker.

The firm will render these services:

     a. General Financial Advisory and Investment Banking Services

        i. Review the Debtors' financial condition and outlook;

       ii. Assist in the development of financial data and
presentations to the Debtors' Board of Directors, various
creditors, and other parties;

      iii. Analyze the Debtors' financial liquidity and evaluate
alternatives to improve such liquidity;

       iv. Evaluate the Debtors' debt capacity and alternative
capital structures;

        v. Participate in negotiations among the Debtors and their
creditors, suppliers, lessors and other interested parties with
respect to any of the transactions contemplated by the Engagement
Letter;

       vi. Advise the Debtors and negotiate with lenders with
respect to potential waivers or amendments of various credit
facilities; and

      vii. Provide such other general financial advisory and
investment banking services as are customarily provided in
connection with the analysis and negotiation of any of the
transactions contemplated by this Engagement Letter, as requested
and mutually agreed.

     b. Restructuring Services

        i. Analyze various Transactions scenarios and the potential
impact of those scenarios on the Debtors and their stakeholders;

       ii. Provide strategic advice with regard to restructuring or
refinancing the Debtors' obligations;

      iii. Provide financial advice and assistance to the Debtors
in developing various Transactions;

       iv. In connection therewith, provide financial advice and
assistance to the Debtors in structuring any new securities to be
issued under any Transactions;

        v. To the extent reasonable and appropriate, provide a
valuation expert report and/or valuation expert testimony
regarding, and otherwise make independent evaluations of the value
of, the assets and liabilities of the Debtors; and

       vi. Assist the Debtors and/or participate in negotiations
with entities or groups affected by any Transactions.

     c. Financing Services

        i. Provide financial advice to the Debtors in structuring
and effecting a Financing, identify potential Investors, and, at
the Debtors' request, contact and solicit such Investors; and

       ii. Assist in the arranging of a Financing, including
identifying potential sources of capital, assisting the due
diligence process, and negotiating the terms of any proposed
Financing, as requested.

     d. M&A Transaction Services

        i. Provide financial advice to the Debtors in structuring,
evaluating and effecting an M&A Transaction; and

       ii. Assist in the arranging and executing an M&A
Transaction, including assisting in the due diligence process, and
advising and assisting the Debtors in analyzing, structuring,
planning, negotiating and effecting a proposed M&A Transaction, as
requested.

The firm will be compensated as follows:

    (a) Monthly Fee

        A monthly financial advisory fee of $225,000 (the "Monthly
Fee") for each month of the engagement (prorated for any partial
month), due and payable on the first day of each month during the
engagement; provided that 50% of each Monthly Fee paid from and
after July 1, 2024 shall be credited once against and subtracted
from either the Restructuring Fee, Financing Fee, or M&A
Transaction Fee that becomes payable under the Engagement Letter;
provided, further, that in no event shall such subtraction result
in fees less than zero.

     (b) Restructuring Transaction Fee

         A Restructuring Transaction Fee equal to $14,000,000
payable one time promptly upon consummation of a Restructuring
Transaction; provided that in the event that the Company
contemplates filing a "prepackaged" or "pre-arranged" bankruptcy,
then (x) up to 50% of the Restructuring Transaction Fee shall be
payable at the earlier of (i) approval by the Company of a
restructuring support agreement, lock-up agreement or similar
agreement or (ii) the launch of a solicitation of votes for a
pre-packaged reorganization plan and (y) the remaining unpaid
Restructuring Transaction Fee shall be payable promptly upon
consummation of a Restructuring Transaction.

     (c) Financing Fee

         A Financing Fee equal to (x) 1.0% of the face amount of
secured debt issued by the Company, plus (y) 1.5% of the face
amount of unsecured debt issued by the Company, plus (z) 4.0% of
the face amount of any new equity or equity-linked securities
issued by the Company.

      (d) M&A Transaction Fee

          An M&A Transaction Fee of $6,000,000 payable one time
promptly upon consummation of an M&A Transaction.

In the 90 days prior to the Petition Date, Spirit Parent paid
$7,449,166.67 in fees and $28,717.63 in expenses.

As disclosed in the court filings, Perella Weinberg Partners is a
"disinterested person" as that term is defined in section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Bruce Mendelsohn
     Perella Weinberg Partners LP
     767 Fifth Avenue
     New York, NY 10153
     Tel: (212) 287-3200
     Fax: (212) 287-3201

          About Spirit Airlines

Spirit Airlines, Inc. (NYSE: SAVE) is a low-fare carrier committed
to delivering the best value in the sky by offering an enhanced
travel experience with flexible, affordable options. Spirit serves
destinations throughout the United States, Latin America and the
Caribbean with its Fit Fleet, one of the youngest and most
fuel-efficient fleets in the U.S. On the Web:
http://wwww.spirit.com/      

Spirit Airlines filed Chapter 11 petition (Bankr. S.D.N.Y. Case No.
24-11988) on Nov. 18, 2024, after reaching terms of a pre-arranged
plan with bondholders. At the time of the filing, Spirit Airlines
reported $1 billion to $10 billion in both assets and liabilities.

Judge Sean H. Lane oversees the case.

The Debtor tapped Davis Polk & Wardwell, LLP as legal counsel;
Alvarez & Marsal North America, LLC as financial advisor; and Epiq
Corporate Restructuring, LLC as claims agent.

Paul Hastings, LLP and Ducera Partners, LLC serve as legal counsel
for the Ad Hoc Group of Convertible Noteholders.

Akin Gump Strauss Hauer & Feld, LLP and Evercore Group LLC
represent the Ad Hoc Group of Senior Secured Noteholders.


SPIRIT AIRLINES: Seeks to Hire Ordinary Course Professionals
------------------------------------------------------------
Spirit Airlines, Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to retain professionals
utilized in the ordinary course of business.

These OCPs have provided legal, technical, accounting, consulting,
and/or other related services to the Debtors, upon which they rely
on to manage their day-to-day operations.

The Debtors seek to pay OCPs 100 percent of the fees and expenses
incurred.

The Debtors do not believe that any of the OCPs have an interest
materially adverse to them, their estates, creditors, or other
parties in interest in connection with the matter upon which they
are to be engaged.

The OCPs' include:

     Abogados Sierra, S.C.

     Casillas, Santiago & Torres Law LLC

     Chico & Nunes, P.C.

     Clark Hill PLC

     Condon & Forsyth LLP

     Estudio Spingarn & Marks S.A.

     Ford & Harrison LLP

     Franco Law Firm

     Frank, Weinberg & Black PL

     Greenberg Traurig, LLP

     Greenspoon Marder LLP

     Jones Day

     José Lloreda Camacho & Co S.A.S.

     Kelley Kronenberg, P.A.

     Kirstein & Young, PLLC

     Littler Mendelson, P.C.

     Mcafee & Taft A Professional Corporation

     Milbank LLP

     Morris James LLP

     Myers, Fletcher & Gordon

     O'melveny & Myers LLP

     Paul, Weiss, Rifkind, Wharton & Garrison LLP

     Potter Anderson & Corroon LLP

     Smith, Gambrell & Russell, LLP

     Studio Legal Sonia Cabrera

     Taft Stettinius & Hollister LLP

     The Foont Law Firm, LLC

     Victor Rane Group Inc

     Walkers (Cayman) LLP


          About Spirit Airlines

Spirit Airlines, Inc. (NYSE: SAVE) is a low-fare carrier committed
to delivering the best value in the sky by offering an enhanced
travel experience with flexible, affordable options. Spirit serves
destinations throughout the United States, Latin America and the
Caribbean with its Fit Fleet, one of the youngest and most
fuel-efficient fleets in the U.S. On the Web:
http://wwww.spirit.com/      

Spirit Airlines filed Chapter 11 petition (Bankr. S.D.N.Y. Case No.
24-11988) on Nov. 18, 2024, after reaching terms of a pre-arranged
plan with bondholders. At the time of the filing, Spirit Airlines
reported $1 billion to $10 billion in both assets and liabilities.

Judge Sean H. Lane oversees the case.

The Debtor tapped Davis Polk & Wardwell, LLP as legal counsel;
Alvarez & Marsal North America, LLC as financial advisor; and Epiq
Corporate Restructuring, LLC as claims agent.

Paul Hastings, LLP and Ducera Partners, LLC serve as legal counsel
for the Ad Hoc Group of Convertible Noteholders.

Akin Gump Strauss Hauer & Feld, LLP and Evercore Group LLC
represent the Ad Hoc Group of Senior Secured Noteholders.


SPIRIT AIRLINES: Taps Morris Nichols Arsht as Conflicts Counsel
---------------------------------------------------------------
Spirit Airlines, Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to employ Morris, Nichols,
Arsht & Tunnell LLP as conflicts counsel.

The firm will render these services:

     (a) perform all necessary services as the Debtors' conflicts
counsel, including, without limitation, providing the Debtors with
advice, representing the Debtors, and preparing necessary documents
on behalf of the Debtors in the areas of restructuring and
bankruptcy;

     (b) counsel the Debtors with regard to their rights and
obligations as debtors in possession as it relates to any Conflict
Matters or other matters delegated by the Debtors and Davis Polk;

     (c) coordinate with the Debtors' other professionals in
representing the Debtors as necessary in connection with these
cases; and

     (d) perform all other necessary and related legal services.

The firm will be paid at these hourly rates:

     Partners                         $850 to 1,695
     Associates and Special Counsel   $545 to 965
     Paraprofessionals                $395
     Case Clerks                      $195

The firm received a retainer in the amount of $150,000.

The following is provided in response to the request for additional
information set forth in Section D.1 of the UST Guidelines:

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

   Answer: No.

   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 post-petition, explain the
difference and the reasons for the difference.

   Answer: In connection with the Chapter 11 Cases, Morris Nichols
was retained by the Debtors pursuant to the Engagement Agreement
dated November 13, 2024. The billing rates and material financial
terms of the prepetition engagement are the same as the terms
described in this Declaration.

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

   Answer: The Debtors and Morris Nichols have discussed the
staffing requirements of these Chapter 11 Cases and have agreed
that a formal budget and staffing plan are not necessary given the
anticipated scope and duration of these proceedings.

Robert J. Dehney, Sr., a partner at Morris, 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:

     Robert J. Dehney, Sr.
     Morris, Nichols, Arsht & Tunnell LLP
     1201 North Market Street, 16th Floor
     PO Box 1347
     Wilmington, DE 19899-1347
     Email: rdehney@morrisnichols.com
     Tel: (302) 351-9353
     Fax: (302) 658-3989

          About Spirit Airlines

Spirit Airlines, Inc. (NYSE: SAVE) is a low-fare carrier committed
to delivering the best value in the sky by offering an enhanced
travel experience with flexible, affordable options. Spirit serves
destinations throughout the United States, Latin America and the
Caribbean with its Fit Fleet, one of the youngest and most
fuel-efficient fleets in the U.S. On the Web:
http://wwww.spirit.com/      

Spirit Airlines filed Chapter 11 petition (Bankr. S.D.N.Y. Case No.
24-11988) on Nov. 18, 2024, after reaching terms of a pre-arranged
plan with bondholders. At the time of the filing, Spirit Airlines
reported $1 billion to $10 billion in both assets and liabilities.

Judge Sean H. Lane oversees the case.

The Debtor tapped Davis Polk & Wardwell, LLP as legal counsel;
Alvarez & Marsal North America, LLC as financial advisor; and Epiq
Corporate Restructuring, LLC as claims agent.

Paul Hastings, LLP and Ducera Partners, LLC serve as legal counsel
for the Ad Hoc Group of Convertible Noteholders.

Akin Gump Strauss Hauer & Feld, LLP and Evercore Group LLC
represent the Ad Hoc Group of Senior Secured Noteholders.


SPRINGS WINDOW: Davis Polk Advised Lenders on Refinancing
---------------------------------------------------------
Davis Polk advised an ad hoc group of lenders in connection with
the capital raise and refinancing of Springs Window Fashions. As
part of this transaction, Springs entered into a new first-out term
loan facility and revolving credit facility providing substantial
liquidity, a new second-out term loan facility to refinance
substantially all of its outstanding term loan and a new
second-lien notes instrument in exchange for a portion of its
outstanding senior notes. In addition, Springs extended the
maturity of certain of its debt instruments, including its ABL
facility, thereby moving its nearest maturities from 2026 to 2028.

Springs Window Fashions is a leading global manufacturer for
shades, blinds, awnings, shutters and other window coverings. For
over 130 years since its founding, Springs has grown to become one
of the largest custom manufacturers of residential and commercial
window treatments in the world. Springs employs over 8,000
employees worldwide, with manufacturing plants in the United
States, Mexico and Poland.

The Davis Polk restructuring and finance team included partners
Damian S. Schaible and Adam L. Shpeen, counsel Jon Finelli, Stephen
D. Piraino and Brian Hecht and associates Timothy H. Oyen, Helen
(Muhan) Zhang, Katarzyna (Kate) M. Fine, Luke F. Porcari, Jonathan
(Zhenyang) He and Trevor D. Jones. Partner Corey M. Goodman and
associates Charles (David) Collier and Omar Hersi provided tax
advice. All members of the Davis Polk team are based in the New
York office.



SPRINGS WINDOW: Latham Advises Lenders on Capital Infusion
----------------------------------------------------------
Springs Window Fashions, a provider of custom window coverings, has
announced the closing of a capital raise and refinancing of a
portion of its outstanding debt. As part of this transaction,
Springs Window Fashions entered into a new first-out term loan
facility and revolving credit facility providing substantial
liquidity, a new second-out term loan facility to refinance
substantially all of its outstanding term loan and a new second
lien notes instrument in exchange for a portion of its outstanding
senior notes. In addition, Springs Window Fashions extended the
maturity of certain of its debt instruments, including its ABL
facility, thereby moving its nearest maturities from 2026 to 2028.

Latham & Watkins LLP represented the administrative agent and the
revolving credit facility lenders in the transaction with a finance
team led by partners Michele Penzer, Joe Zujkowski, and George
Klidonas, with associates Tulika Sinha, William Council, and Youn
Song. Advice was also provided on tax matters by partner Jocelyn
Noll.


STARLIGHT GRILL: Samuel Dawidowicz Named Subchapter V Trustee
-------------------------------------------------------------
The U.S. Trustee for Region 2 appointed Samuel Dawidowicz as
Subchapter V trustee for Starlight Grill and Sweets Corp.

Mr. Dawidowicz will be paid an hourly fee of $565 for his services
as Subchapter V trustee and will be reimbursed for work-related
expenses incurred.   

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

The Subchapter V trustee can be reached at:

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

                       About Starlight Grill

Starlight Grill and Sweets Corp. sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 24-44998) on
November 27, 2024.


STARSHIP LOGISTICS: Gets Final OK to Use Cash Collateral
--------------------------------------------------------
Starship Logistics, LLC received final approval from the U.S.
Bankruptcy Court for the Central District of California, Los
Angeles Division to use cash collateral.

The final order authorized the company to use cash collateral to
pay expenses set forth in its projected budget. Starship can
deviate from the total expenses by no more than 15% on a cumulative
basis and by category without the need for further court approval.

Mass Transit Properties, LLC, a secured creditor, will be granted
replacement liens on Starship's post-petition assets except for any
avoidance actions.

                      About Starship Logistics

Starship Logistics, LLC, a company in Long Beach, Calif., offers
freight transportation arrangement services.

Starship Logistics sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Calif. Case No. 24-18834) on October
28, 2024, with $1 million to $10 million in both assets and
liabilities. Clarence Xu, chief executive officer and managing
director, signed the petition.

Judge Barry Russell oversees the case.

The Debtor is represented by Susan K. Seflin, Esq., at BG Law, LLP.


STL EQUIPMENT: Seeks Bankruptcy Protection in Missouri
------------------------------------------------------
On December 17, 2024, STL Equipment Leasing Co. LLC filed Chapter
11 protection in the Eastern District of Missouri. According to
court filing, the Debtor reports between $1 million and $10 million
in debt owed to 1 and 49 creditors. The petition states funds will
be available to unsecured creditors.

     About STL Equipment Leasing Co. LLC

STL Equipment Leasing Co. LLC is a limited liability company.

STL Equipment Leasing Co LLCw sought relief under   Chapter 11 of
the U.S. Bankruptcy Code (Bankr. E.D. Miss  ) on December 17,
2024. In the petition filed by Angelina Twardawa, as manager, the
Debtor reports estimated assets and liabilities between  $1 million
to $10 million.

Honorable Bankruptcy Judge Bonnie L. Clair handles the case.

The Debtor is represented by:

     Andrew Magdy, Esq.
     SCHMIDT BASCH, LLC
     1034 S. Brentwood Blvd. 1555
     Saint Louis, MO 63117
     Tel: (314) 721-9200
     Email: amagdy@schmidtbasch.com


SUNATION ENERGY: Jeffrey J. Conroy Holds 2.9% Equity Stake
----------------------------------------------------------
Jeffrey J. Conroy disclosed in a Schedule 13G filed with the U.S.
Securities and Exchange Commission that as of December 4, 2024, he
beneficially owned 54,400 shares of SUNation Energy Inc.'s Ordinary
Shares, representing 2.9% of 1,814,743 Ordinary Shares of the
Company issued and outstanding as of December 16, 2024, based upon
the information disclosed in the Company's Report of Foreign
Private Company on Form 6-K filed with the Securities and Exchange
Commission on December 16, 2024.

Mr. Conroy may be reached at:

     Jeffrey J. Conroy
     7 Mayflower Dr,
     Basking Ridge, NJ, 07920
     312-623-0820

A full-text copy of Mr. Conroy's SEC Report is available at:

                  https://tinyurl.com/mv4vrwes

                       About SUNation Energy

SUNation Energy Inc., formerly known as Pineapple Energy Inc. is
focused on growing leading local and regional solar, storage, and
energy services companies nationwide.

Melville, N.Y.-based UHY LLP, the Company's auditor since 2023,
issued a "going concern" qualification in its report dated March
29, 2024, citing that the Company's current financial position and
the Company's forecasted future cash flows for 12 months beyond the
date of issuance of the financial statements indicate that the
Company will not have sufficient cash to make the first SUNation
earnout payment in the second quarter of 2024 or the first
principal payment of the Long-Term Note due on November 9, 2024,
factors which raise substantial doubt about the Company's ability
to continue as a going concern.


SWAN PIZZA: Claims to be Paid From Ongoing Income
-------------------------------------------------
Swan Pizza, Inc., filed with the U.S. Bankruptcy Court for the
Middle District of Florida a Second Amended Plan of Reorganization
for Small Business.

The Debtor has operated as a take out pizza franchise restaurant
for 8 years. The Debtor has good cash flow and sales which enable
to pay creditors and successfully complete this proposed plan.

The Debtor owns cooking/restaurant equipment which values at
$18,000.00. The Debtor's sales remain steady and strong and monthly
operating expenses remain stable with major costs by employees and
food supplies. Since filing this case, the Debtor shows ability to
fund all operating expenses, secured and priority creditors and
provide a dividend to unsecured.

Unsecured debt total $97,118.31 and unsecured creditors will
receive a monthly payment of $400 for 60 months.

The Plan will be implemented and payments made for ongoing income
from the business.

Business has sufficient income to pay all ongoing, upcoming debts
and to make the payments specified in the Plan. The Debtor
anticipated a $2,000 reserve for emergencies. The only officer
involved will be Ashraf Chehata, president.

A full-text copy of the Second Amended Plan dated December 9, 2024
is available at https://urlcurt.com/u?l=JxRa4L from
PacerMonitor.com at no charge.

                        About Swan Pizza

Swan Pizza, Inc., sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-03735) on July 22,
2024, with up to $50,000 in assets and up to $500,000 in
liabilities.

Judge Tiffany P. Geyer presides over the case.

Robert H. Zipperer, Esq., is the Debtor's legal counsel.


SWF HOLDINGS I: S&P Upgrades ICR to 'CCC+', Outlook Negative
------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on U.S.-based
SWF Holdings I Corp.'s (Springs) to 'CCC+' from 'SD' (selective
default).

S&P said, "At the same time, we assigned our 'B' issue-level rating
to Springs' super-priority revolving credit facility and
super-priority, first-out, delayed-draw term loan, with a recovery
rating of '1' (90%-100%; rounded estimate 95%); our 'CCC'
issue-level rating to Springs' super-priority, second-out term loan
with a recovery rating of '5' (10%-30%; rounded estimate 25%); and
our 'CCC-' issue-level rating with a recovery rating of '6'
(0%-10%; rounded estimate 0%) to the new second-lien notes,
nonparticipating term loan, and nonparticipating senior unsecured
notes.

"The negative outlook reflects that we could lower the ratings if
we envision default scenarios over the subsequent 12 months."

Transaction overview. Springs raised a $350 million new money,
super-priority, first-out term loan consisting of two tranches, a
$150 million A-1 term loan and $200 million delayed-draw term loan
that it can draw on over the next 18 months. The proceeds of the
A-1 term loan tranche was utilized at close to repay $113 million
of combined outstanding revolver and ABL borrowings and to cover
transaction expenses and fees. S&P expects the remaining $200
million will be drawn in 2026 to term out outstanding revolver and
ABL borrowings that will fund the business over the next 12-18
months. Additionally, participating term loan lenders and unsecured
noteholders agreed to exchange outstanding debt amounts at
discounts to par value. The debt of the nonparticipating term loan
and unsecured notes remains outstanding. The ABL and revolver
maturities were also extended by two years to 2028. Additional
details:

-- The $150 million ABL will retain priority against ABL
collateral (inventories and receivables) and maintain financial
covenants and interest rate. Maturity is extended to 2028. S&P
believes the borrowing base is $47 million, and the facility had
$11 million outstanding at close.

-- The super-priority, first-out tranche will comprise $350
million of new money ($150 million tranche A-1 and $200 million
delayed-draw term loan) maturing in 2029 and a $125 million
super-priority, first-out revolver maturing in 2028. The
outstanding revolver balance was fully repaid at close. There will
be no changes to the interest rate on the revolver, though it will
have a new 2.75x super-priority, first-out, maximum net leverage
covenant, tested when borrowings exceed 40% of commitments.

-- The new $1.502 billion super-priority, second-out term loan is
comprised of participating existing term loan lenders (99.8%)
exchanged at 95 cents of par value. There is no change to interest
rate, but lenders will no longer receive annual debt amortization.
Springs has the option to extend the maturity to 2029 post
transaction close. We understand that the $4 million
nonparticipating term loan lenders have the option to exchange at
95 cents of par value into the super-priority second-out position
post transaction close, although it is uncertain if they will. S&P
would anticipate no change to recovery if they participated.

-- The new $158 million second-lien notes are comprised of
participating existing unsecured note holders (about 30%) exchanged
at 83.84 cents of par value (there is no change to interest rate or
maturity). The nonparticipating $4 million existing term loan
reflects less than 0.5% nonparticipation rate and is pari passu to
the new second-lien.

-- The nonparticipating $436 million senior unsecured notes
reflecting a 70% nonparticipation rate will be last-out in the
capital structure ranking.

The transaction enhances liquidity and adds flexibility under
financial covenants. Springs now has $361 million in available
liquidity, including an undrawn $125 million revolver, $26 million
available on its ABL, $10 million cash, plus a $200 million
delayed-draw term loan available over the next 18 months. S&P said,
"We believe this is sufficient to cover a projected $100 million
cash deficit in 2025, assuming no significant underperformance. We
expect it will utilize the $200 million to repay borrowings from
2025 and cover a $110 million cash deficit in 2026. Therefore, we
don't anticipate default scenarios over the next 12 months. We also
believe the company is unlikely to breach its covenants. Under the
new 2.75x super-priority, first-out, maximum net leverage covenant,
we expect cushion to improve to about 50% in 2025, compared to the
1% under the previous 8.6x maximum net leverage covenant. If the
ABL covenant springs, we believe the company would breach that
covenant. However, due to greater revolver availability and
covenant cushion, we do not forecast this."

S&P said, "We believe the capital structure is unsustainable due to
leverage above 10x, EBITDA interest coverage well below 1.5x, and a
continued FOCF deficit. We forecast S&P Global Ratings-adjusted
debt to EBITDA of about 14x over the next two years, EBITDA
interest coverage of 0.8x in 2024 and 0.9x in 2025 and 2026, and
negative FOCF of $95 million in 2025 and $105 million in 2026.
Despite freeing up additional liquidity in the transaction, Springs
still has a significant amount of debt, and its interest burden of
about $190 million a year continues to weigh on its cash generating
ability. Further, we believe the macroeconomic environment will
continue to be a headwind to revenue performance in 2025 due to the
discretionary nature of its product offering, and EBITDA will only
modestly increase from cost-saving initiatives. We expect the
company will limit price increases to generate more demand as
consumers seek value and continue to invest in the business in
2025, positioning itself for growth for when the macroeconomic
environment recovers. Moreover, as the credit cycle bottoms out and
macroeconomic conditions improve over the next 24 months, we
believe Springs will need to build more inventory to keep up with
demand, which will continue to weigh on FOCF.

"Overall, consumer spending on window coverings will remain weak
due to ongoing macroeconomic headwinds in 2025. We forecast revenue
will decline about 3.5% in 2025 because the housing market is
unlikely to make a significant rebound due to still high interest
rates. S&P Global economists project 30-year fixed mortgage rates
in the U.S. of 6.7% in 2024 and 5.9% in 2025, staying above 6% for
most of 2025. While there is pent-up demand to move, we expect most
consumers will wait until mortgage rates drop below 6%.
Furthermore, sales for Springs typically lag the moving cycle by
9-12 months. Therefore, we do not expect a rebound in sales and
profitability until 2026.

"The negative outlook reflects that we could lower the ratings if
we envision default scenarios over the subsequent 12 months."

S&P could lower its ratings on Springs if:

-- Its cash flow deficit weakens beyond S&P's expectations due
continued softness in the housing market; and

-- Availability on the revolving credit facility declines leading
to lower covenant cushion on the 2.75x maximum net leverage ratio
and greater risk of breaching the springing minimum fixed-charge
coverage ratio of 1x on the ABL; or

-- S&P expects another distressed exchange, debt restructuring, or
bankruptcy filing over the subsequent 12 months.

S&P could raise its ratings on Springs if operating performance
improves such that it can generate modestly positive FOCF, EBITDA
interest coverage above 1.5x, and operating margin improvement
leading to lower leverage.



TAMPA LIFE: Unsecureds to Get Share of Liquidation Trust
--------------------------------------------------------
Tampa Life Plan Village, Inc., ("TLPV"), together with the Official
Committee of Unsecured Creditors ("UCC") and UMB Bank N.A., solely
in its capacity as the DIP Lender and Bond Trustee, submitted a
Joint Disclosure Statement and Plan of Liquidation dated December
10, 2024.

Prior to the sale of substantially all of the Debtor's assets, the
Debtor operated a Florida not-for-profit corporation which was
formed on January 31, 2020, for the purpose of, inter alia, owning
senior living facilities including continuing care retirement
communities.

The Debtor owns and operates a continuing care retirement community
("CCRC") known as Tampa Life Plan Village, Inc. dba Unisen Senior
Living on approximately thirty-two acres in Hillsborough County,
Florida consisting of 491 independent living units and various
common areas (collectively, the "Community").

As of the Petition Date, approximately 106 residential units were
occupied and the Debtor employed approximately eighty individuals
to carry out the Debtor's daily operations. As of the date of this
Disclosure Statement, no Residents remain in the Community and the
Debtor currently employs a skeleton crew to maintain the property
and assist with this case.

On March 18, 2024, the Debtor engaged Colliers International
Florida, LLC to run an open marketing process for the Community to
all potential interested parties, including parties that would
repurpose the facility to an alternative use. Prior to the
completion of a sale, the Debtor, due to its debt burden, ongoing
operating expenses, and overall financial condition, was forced to
file for Chapter 11 relief in order to orderly liquidate and
coordinate efforts to get Residents relocated to comparable CCRCs.


On April 5, 2024 the Debtor filed its Motion for Entry of (I) an
Order (A) Approving Bid Procedures in Connection with the Sale of
Substantially All of the Debtor's Assets, (B) Approving the Form
and Manner of Notice Thereof, (C) Scheduling an Auction and Sale
Hearing, (D) Approving Procedures for the Assumption and Assignment
of Contracts, and (E) Granting Related Relief; and (II) an Order
(A) Approving the Asset Purchase Agreement Between the Debtor and
the Successful Bidder, (B) Authorizing the Sale of Substantially
All of the Debtor's Assets Free and Clear of Liens, Claims,
Encumbrances, and Interests, (C) Authorizing the Assumption and
Assignment of Contracts, and (D) Granting Related Relief (the "Sale
Motion").

Pursuant to the latest Order Extending the Bid Procedure Deadlines,
the Debtor held an auction of substantially all of its assets on
November 8, 2024 and selected UMB Bank N.A., solely in its capacity
as the DIP Lender and Bond Trustee, or its designee, as the
successful bidder (the "Successful Bidder"). The Successful Bidder
credit bid $58,000,000 at the Auction which was the highest or
otherwise best bid.

Finally, on November 21, 2024 the Court held a hearing to authorize
the sale and approve the Sale Motion, which relief was granted and
all objections to the sale/Sale Motion withdrawn. Closing of the
sale is contingent on confirmation of the Plan.

The Debtor, pursuant to the Term Sheet and the Court-approved Sale
Order will sell substantially all of its assets (the "Transferred
Assets") to the Successful Bidder in exchange for Successful
Bidder's $58,000,000 credit bid on the Transferred Assets. The
credit bid will reduce dollar for dollar the amount of the secured
claim of the DIP Lender and Trustee. The Debtor will also seek to
create a liquidation trust for the benefit of holders of allowed
Non-Bond Unsecured Claims against the Debtor, through a
contribution by the Debtor of the Beazley Set-Aside Amount totaling
$945,000 (over which the Trustee and DIP Lender's will waive any
claim) and in $110,000 held in certain of the Debtor's bank
accounts to fund the Liquidation Trust.

The Debtor, the Committee, and the Lender, pursuant to the Term
Sheet and the Plan, will seek to create a Liquidation Trust for the
benefit of holders of Allowed Non-Bond Unsecured Claims against the
Debtor. The Liquidation Trust will initially be funded through a
contribution of the Beazley Set-Aside Amount totaling $945,000 and
of up to $110,000 held in the USB Escrow Accounts, to the extent
such funds are returned to the Debtor's estate upon surrender of
the Debtor’s CCRC license.

Class 3 consists of all Allowed General Unsecured Claims against
the Debtor, which total approximately $9,109,381.44 based upon the
amounts asserted in the Claims register, and not including the
Lender Unsecured Deficiency Claim, the Subordinated Deferred
Administrative Expense Note Claims, the Subordinated Resident Note
Claims, and the Subordinated Unsecured Note Claims.

The holders of Class 3 Claims shall be issued beneficial interests
in the Liquidation Trust equal to the amount of their Allowed
General Unsecured Claim. The Liquidation Trust will pursue all
remaining Litigation Claims of the Debtor's estate and distribute
any recoveries, minus expenses, pro rata to all holders of
beneficial interests in the Liquidation Trust. This Class is
impaired.

Class 4 consists of the Lender's deficiency claim in the amount of
the Bond Claim plus the DIP Loan Claim, less the credit bid amount
under the Sale Transaction and Credit Bid APA. The Lender Unsecured
Deficiency Claim shall be subordinated to the payment of all other
General Unsecured Claims, the Subordinated Deferred Administrative
Expense Note Claims, the Subordinated Resident Note Claims, and
Subordinated Unsecured Note Claims.

Class 4 Claims are estimated to be approximately $40 million in the
aggregate. Based on the total amount of Non-Bond Unsecured Claims
and the face value of the potential Litigation Claims, the
recoverability of which has not been analyzed, the recovery for
Class 4 Claimants is likely $0. This Class is impaired.

On the Effective Date, the Debtor and the Liquidation Trustee shall
execute the Liquidation Trust Agreement and take all steps
necessary to establish the Liquidation Trust.

The Liquidation Trust is being established for the purpose of (i)
holding and liquidating the Plan Fund and the balance of the
Debtor's Assets (if any), (ii) resolving and paying all Unsecured
Claims that are Disputed Claims, (iii) prosecuting any Litigation
Claims, and (iv) distributing cash and other property held by the
Liquidation Trust in accordance with this Plan and the Liquidation
Trust Agreement. The Liquidation Trust shall not continue or engage
in any trade or business, except to the extent reasonably necessary
to, and consistent with, the liquidating purpose of the Liquidation
Trust.

A full-text copy of the Joint Disclosure Statement dated December
10, 2024 is available at https://urlcurt.com/u?l=Pb9UO1 from
PacerMonitor.com at no charge.

Tampa Life Plan Village, Inc., is represented by:

     Steven R. Wirth, Esq.
     401 East Jackson Street, Suite 1700
     Tampa, FL 33602
     Phone: (813) 209.5093
     Email. steven.wirth@akerman.com

     Andrea S. Hartley, Esq.
     Three Brickell City Centre
     95 Southeast Seventh Street, Suite 1100
     Miami, FL 33131
     Phone: (305) 982.5682
     Email: andrea.hartley@akerman.com

                 About Tampa Life Plan Village

Tampa Life Plan Village, Inc. d/b/a Unisen Senior Living in Tampa,
Florida, is a not-for-profit lifecare retirement.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-01885) on April 5,
2024. In the petition signed by Ronald Shuck, director, the Debtor
disclosed up to $50 million in assets and up to $500 million in
liabilities.

Judge Roberta A. Colton oversees the case.

Steven R. Wirth, Esq., at Akerman LLP, is the Debtor's legal
counsel.


TELESAT LLC: $1.91BB Bank Debt Trades at 45% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Telesat LLC is a
borrower were trading in the secondary market around 54.8
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $1.91 billion Term loan facility is scheduled to mature on
December 7, 2026. About $1.42 billion of the loan has been drawn
and outstanding.

Telesat LLC operates as a satellite operator. The Company offers
satellite delivered communications solutions to broadcast, telecom,
corporate, and government customers, as well as provides technical
consultancy services. Telesat serves clients worldwide.


TIGER ACQUISITION: Loan Refinancing No Impact on Moody's B3 CFR
---------------------------------------------------------------
Moody's Ratings said Tiger Acquisition, LLC's (dba "Sabre
Industries, Inc.", "Sabre") proposed refinancing of its upsized
senior secured first lien term loan does not have an impact on the
company's existing ratings. The B3 Corporate Family Rating, B3-PD
Probability of Default Rating, B3 ratings on the senior secured
first lien bank credit facility and the stable outlook are all
unchanged.

The ratings reflect Sabre's leading market positions and high
revenue visibility. The company is a leader in providing engineered
structures to the telecom and utilities industries and has
long-term strategic relationships with key customers. Favorable
dynamics underlying primarily the company's utility business will
continue to drive positive demand. These dynamics include strong
spending by utilities customers to support "grid hardening", or the
upgrading and strengthening of their infrastructure, particularly
in light of the increasing incidence of extreme weather events.

Sabre's stable outlook is based on Moody's expectation that strong
demand in the company's utility business and a strong overall
backlog will allow for continued EBITDA and cash flow improvement.
The outlook also incorporates Moody's expectation of sustained free
cash flow improvement which will be available for debt repayment.

Headquartered in Alvarado, Texas, Sabre Industries, Inc.
manufactures towers, poles, equipment enclosures and related
transmission structures used in the wireless communications and
electric transmission and distribution industries. The company is
owned by private equity firm Blackstone.


TONIX PHARMACEUTICALS: Increases A.G.P. Offering Price to $250MM
----------------------------------------------------------------
Tonix Pharmaceuticals Holding Corp. disclosed in a Form 8-K Report
filed with the U.S. Securities and Exchange Commission that on
December 20, 2024, it increased the maximum aggregate offering
price of the shares issuable under its Sales Agreement with
A.G.P./Alliance Global Partners, dated as of July 30, 2024, from
$150,000,000 to $250,000,000.

                    About Tonix Pharmaceuticals

Chatham, N.J.-based Tonix Pharmaceuticals Holding Corp., through
its wholly owned subsidiary Tonix Pharmaceuticals, Inc., is a fully
integrated biopharmaceutical company focused on developing and
commercializing therapeutics to treat and prevent human disease and
alleviate suffering.

As of September 30, 2024, Tonix had $95 million in total assets,
$20.8 million in total liabilities, and $74.2 million in total
equity.

                           Going Concern

The Company cautioned in its Form 10-Q report for the quarter ended
March 31, 2024, that there is substantial doubt about its ability
to continue as a going concern. The Company has suffered recurring
losses from operations and negative cash flows from operating
activities. As of March 31, 2024, the Company had working capital
of approximately $9.6 million and an accumulated deficit of
approximately $615.6 million. The Company held cash and cash
equivalents of approximately $7 million as of March 31, 2024.
During the fourth quarter of 2023, the Company engaged CBRE, an
international real estate brokerage firm, to potentially find a
strategic partner for or buyer of its Advanced Development Center
in North Dartmouth, Massachusetts, to align with its current
business objectives and priorities. As of March 31, 2024, the
Company does not have a commitment in place to sell the building.

The Company believes that its cash resources at March 31, 2024, and
the gross proceeds of $4.4 million raised from an equity offering
in the second quarter of 2024, will not meet its operating and
capital expenditure requirements through the second quarter of
2025.


TORRID LLC: Moody's Lowers CFR & Senior Secured Term Loan to B3
---------------------------------------------------------------
Moody's Ratings downgraded Torrid LLC's ratings, including the
corporate family rating to B3 from B2, probability of default
rating to B3-PD from B2-PD, and senior secured term loan rating to
B3 from B2. The speculative grade liquidity rating (SGL) was
downgraded to SGL-3 from SGL-2 and the outlook is stable.

The downgrades reflect Moody's view that a significant earnings
recovery is unlikely over the next 12-18 months, given pressures on
consumer discretionary spending and the highly competitive and
promotional apparel environment. Moody's also believe growth in the
plus-size apparel category could slow as a result of increasing
GLP-1 drug adoption. The SGL downgrade to SGL-3 from SGL-2 reflects
Moody's projection for limited cash flow generation after the
company's high term loan amortization requirements.

In addition, while Moody's expect Moody's-adjusted debt/EBITDA to
remain moderate at 3.3x, interest coverage is modest, with
(EBITDA-Capex)/interest expense projected in the mid 1x range over
the next 12-18 months.

Year-to-date 2024 comparable sales declined 6%, reflecting lower
clearance activity, cautious consumer spending concentrated in key
promotional periods, and lack of newness in certain product
categories. Hurricanes and unseasonably warm weather also hurt
performance in Q3 2024. Year-to-date EBITDA was roughly flat, as
lower sales and higher incentive compensation offset the benefits
of significant vendor cost reductions. While Torrid has had success
with its updated denim assortment and is adding new products and
sub brands in 2025, Moody's expect continued pressure on
discretionary spending to hinder earnings improvement.

RATINGS RATIONALE

Torrid's B3 CFR is constrained by the company's limited cash flow
generation based on Moody's forecast for flat to modestly lower
earnings over the next 12-18 months. Although leverage is moderate,
the business remains well below its peak earnings. Financial
results have been weak since the post-pandemic peak of 2021,
including comparable sales and earnings declines. In addition, the
credit profile incorporates the company's very high business risk
as a relatively small company in the highly competitive and fashion
sensitive women's apparel sector, with exposure to mall traffic in
about two-thirds of its stores. While Torrid has made investments
in its omnichannel and digital capabilities, further investment is
needed to bring them in line with those of larger peers.

Nevertheless, Torrid's credit profile benefits from the company's
differentiated position in the niche plus-sized apparel category,
with a focus on fit that drives high customer loyalty. Torrid has a
balanced mix of store and digital sales, with e-commerce
representing over half of revenue. Moody's project overall
liquidity to be adequate over the next 12-18 months, supported by
good excess revolver availability at all times.

The stable outlook reflects Moody's expectations for adequate
liquidity and moderate leverage.

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

The ratings could be downgraded if earnings deteriorate
significantly. Weaker liquidity, including negative free cash flow
generation or increased revolver reliance, could also result in a
downgrade. More aggressive financial policies could also result in
a downgrade. Quantitatively, the ratings could be downgraded if
Moody's-adjusted (EBITDA-Capex)/interest expense is below 1.25
times.

The ratings could be upgraded if operating performance sustainably
improves, including both a revenue recovery and margin expansion. A
ratings upgrade would require balanced financial strategies and
adequate liquidity, including consistent solid cash flow generation
that exceeds mandatory term loan amortization. Quantitatively, the
ratings could be upgraded if Moody's-adjusted debt/EBITDA is
sustained below 4.0 times and (EBITDA-Capex)/interest expense above
2.0 times.

Torrid LLC is a designer and retailer of apparel, intimates and
accessories in North America, targeting women that wear sizes
10-30. The company's products are sold through its e-commerce
operations and over 600 company-operated retail stores. Revenue for
the twelve months ended November 2, 2024 was approximately $1.1
billion. The company is publicly traded but majority-owned by funds
affiliated with Sycamore Partners.

The principal methodology used in these ratings was Retail and
Apparel published in November 2023.


TRANSOCEAN LTD: Secures Ultra-Deepwater Drillship Contract
----------------------------------------------------------
Transocean Ltd. announced on December 17, 2024, that a four-well
option was exercised for the Dhirubhai Deepwater KG1 with Reliance
Industries Limited in India. The estimated 270-day program is
expected to commence in direct continuation of the rig's firm term
with Reliance and contribute approximately $111 million in backlog,
excluding additional services.

                          About Transocean

Transocean Ltd. is an international provider of offshore contract
drilling services for oil and gas wells. The Company specializes in
technically demanding sectors of the offshore drilling business
with a particular focus on ultra-deepwater and harsh environment
drilling services. As of Feb. 14, 2024, the Company owned or had
partial ownership interests in and operated 37 mobile offshore
drilling units, consisting of 28 ultra-deepwater floaters and nine
harsh environment floaters. Additionally, as of Feb. 14, 2024, the
Company was constructing one ultra-deepwater drillship.

Transocean reported a net loss of $954 million in 2023, a net loss
of $621 million in 2022, and a net loss of $591 million in 2021. As
of June 30, 2024, Transocean Ltd. had $20.33 billion in total
assets, $1.57 billion in total current liabilities, $8.04 billion
in total long-term liabilities, and $10.71 billion in total
equity.

                            *   *   *

As reported by the TCR on Sept. 28, 2023, S&P Global Ratings raised
its issuer credit rating on offshore drilling contractor Transocean
Ltd. to 'CCC+' from 'CCC'. S&P said, "The upgrade reflects improved
rig demand, higher day rates, and our view that there is reduced
near-term risk of a distressed debt exchange or balance sheet
restructuring."


TRINSEO PLC: CastleKnight, 5 Affiliates Hold 6.7% Equity Stake
--------------------------------------------------------------
CastleKnight Master Fund LP disclosed in a Schedule 13G filed with
the U.S. Securities and Exchange Commission that as of December 10,
2024, the firm and its affiliated entities -- CastleKnight Fund GP
LLC, CastleKnight Management LP, CastleKnight Management GP LLC,
Weitman Capital LLC, and Manager Aaron Weitman -- beneficially
owned 2,362,307 shares of Trinseo PLC's common stock, representing
6.7% of the shares outstanding.

CastleKnight Master Fund LP may be reached at:

     Maples Corporate Services Limited
     P.O. Box 309
     Ugland House
     Grand Cayman KY1-1104
     Cayman Islands
     Tel: 212-852-6300

A full-text copy of CastleKnight Master's SEC Report is available
at:

                  https://tinyurl.com/3unnjsb4

                        About Trinseo

Headquartered in Wayne, PA, Trinseo (NYSE: TSE) (www.trinseo.com),
a specialty material solutions provider, partners with companies to
bring ideas to life in an imaginative, smart, and sustainably
focused manner by combining its premier expertise, forward-looking
innovations, and best-in-class materials to unlock value for
companies and consumers. From design to manufacturing, Trinseo taps
into decades of experience in diverse material solutions to address
customers' unique challenges in a wide range of industries,
including building and construction, consumer goods, medical, and
mobility.

Trinseo reported a net loss of $701.3 million in 2023 and a net
loss of $430.9 million in 2022.

                           *   *   *

In December 2024, S&P Global Ratings lowered its issuer credit
rating on Trinseo PLC to 'CC' from 'CCC+'. S&P will lower this
rating to a 'SD' (selective default) on completion of the exchange
offer. It expects to raise this rating to a 'CCC+' shortly after
completion of the exchange offer, assuming the deal closes as is
currently proposed per our expectation. At the same time, S&P
lowered the issue-level ratings on the 5.125% senior unsecured
notes due 2029 to 'C' from 'CCC' and revised our recovery rating to
'6' from '5'.

Additionally, Moody's Ratings has downgraded the Corporate Family
Rating of Trinseo PLC to Caa2 from B3, Probability of Default
Rating to Caa2-PD from B3-PD, the rating on Trinseo Materials
Operating S.C.A.'s senior unsecured and backed senior unsecured
notes to Ca from Caa2, the rating on Trinseo Materials Operating
S.C.A.'s backed senior secured first lien term loan and backed
senior secured first lien revolving credit facility to Caa3 from B3
and the rating on Trinseo LuxCo Finance SPV S.a r.l.'s senior
secured first lien term loans to Caa1 from B2. At the same time,
Moody's have assigned a Caa2 rating to the new Second Lien Senior
Secured Notes due 2029 for Trinseo LuxCo Finance SPV S.a r.l. The
SGL-3 Speculative Grade Liquidity Rating ("SGL") under Trinseo
remains unchanged. The rating outlook for all issuers is changed to
stable from negative.


TRINSEO PLC: Launches Exchange Offer for 5.125% Senior Notes
------------------------------------------------------------
Trinseo PLC announced on December 16, 2024, that its subsidiaries,
Trinseo Luxco Finance SPV S.a r.l. and Trinseo NA Finance SPV LLC,
have commenced a private offer to exchange any and all of the
outstanding 5.125% Senior Notes due 2029 issued by the Existing
Issuers in exchange for new 7.625% Second Lien Senior Secured Notes
due 2029 of the New Issuers.

For each $1,000 principal amount of Existing Notes validly tendered
prior to the expiration of the Exchange Offer, holders will be
eligible to receive $850 principal amount of New Notes. The New
Notes will have a coupon of 7.625% and will mature on May 3, 2029.

Simultaneously with the Exchange Offer, other Company subsidiaries,
Trinseo Holding S.a r.l., and Trinseo Materials Finance, Inc., are
conducting a solicitation of consents with respect to certain
amendments to the indenture governing the Existing Notes. The
Proposed Amendments will eliminate or waive substantially all of
the restrictive covenants contained in the indenture governing the
Existing Notes, eliminate certain events of default, releases the
existing guarantees of the Existing Notes and modify or eliminate
certain other provisions. The Proposed Amendments will be set forth
in a supplemental indenture and subject to, among other things, the
receipt of consents of the holder of more than 50% in aggregate
principal amount of the Existing Notes. The supplemental indenture
is expected to be executed promptly after the deadline for
withdrawal.

The Exchange Offer and Consent Solicitation are being made upon the
terms and conditions set forth in the confidential Offering
Memorandum and Consent Solicitation Statement dated December 16,
2024. The Exchange Offer will expire at 5:00 p.m., New York City
time, on January 15, 2025, subject to being amended or extended.
Existing Notes may be validly withdrawn and consents may be revoked
at any time on or prior to 5:00 p.m., New York City time, on
January 2, 2025, but not thereafter, unless extended.

The Exchange Offer is only being made, and copies of the Offering
Memorandum will only be made available, to holders of the Existing
Notes that have certified in an eligibility letter as to certain
matters, including their status as either:

     (1) a "qualified institutional buyer" under Rule 144A under
the Securities Act of 1933, as amended, or

     (2) a person who is not a "U.S. person" as defined under
Regulation S under the Securities Act. Requests for copies of this
eligibility letter, the Offering Memorandum or other offering
documents may be directed to the exchange and information agent,
D.F. King & Co., Inc., at: (800) 791-3319 (toll free), (212)
269-5550 (for banks and brokers); by email at trinseo@dfking.com;
or by mail, overnight courier or by hand at D.F. King & Co., Inc.,
48 Wall Street, 22nd Floor, New York, NY 10005.

The New Notes will be jointly and severally unconditionally
guaranteed by the Company, and certain of the Company's direct and
indirect subsidiaries organized in the United States, Luxembourg,
Belgium, Germany, Indonesia, Taiwan and Switzerland. The New Notes
and related guarantees will, subject to permitted liens and other
limitations, be secured by certain second-priority security
interests in the equity interests of the New Issuers, the assets of
certain of the guarantors of the New Notes and substantially all of
the assets of Altuglas LLC and Aristech Surfaces LLC, each an
indirect subsidiary of the Company (and with respect to certain
other assets of Trinseo Europe GmbH, a third or fourth-priority
security interest, as applicable).

The consummation of the Exchange Offer and the Consent Solicitation
is subject to and conditioned upon, among other things, more than
50% of the aggregate principal amount of the Existing Notes
participating in the Exchange Offer and delivering consents to the
Proposed Amendments. As previously disclosed, Trinseo and certain
of its subsidiaries entered into a transaction support agreement
with certain holders and lenders of Trinseo's outstanding senior
notes and term loans, including holders of the Existing Notes
representing approximately 74% of the aggregate principal amount
outstanding of the Existing Notes. Pursuant to the Support
Agreement, the Supporting Holders agreed, among other things and
subject to the terms and conditions set forth therein, to tender in
the Exchange Offer their Existing Notes in exchange for New Notes
and deliver their consents for the Proposed Amendments in the
Consent Solicitation.

Holders may not tender their Existing Notes pursuant to the
Exchange Offer without delivering a consent with respect to such
Existing Notes tendered pursuant to the Consent Solicitation, and
holders may not deliver their consents pursuant to the Consent
Solicitation without tendering the related Existing Notes pursuant
to the Exchange Offer. No consideration will be paid for consents
in the Consent Solicitation.

          Certain terms of the exchange offer:

Title of Existing Notes:

     * 5.125% Senior Notes due 2029

CUSIP Numbers or ISINs:

     * 144A: 89668Q AF5 / US89668QAF54 Reg S: L9339W AE9 /
USL9339WAE95

Outstanding Principal Amount:

     * $447,000,000

Exchange Consideration:

     * $850 Principal Amount of New Notes per $1,000 Principal
Amount of Existing Notes.
Consideration in the form of principal amount of New Notes per
$1,000 principal amount of Existing Notes that are validly tendered
and accepted for exchange, subject to any rounding. Excludes
accrued and unpaid interest on such Existing Notes from and
including the last interest payment date on such Existing Notes to,
but excluding, the settlement date of the Exchange Offer, which
will be paid in the form of cash, in addition to the Exchange
Consideration, as applicable.

The New Notes will not be registered under the Securities Act, or
any other applicable securities laws and, unless so registered, the
New Notes may not be offered, sold, pledged or otherwise
transferred within the United States or to or for the account of
any U.S. person, except pursuant to an exemption from the
registration requirements thereof. Accordingly, the New Notes are
being offered and issued only:

     (i) to persons reasonably believed to be "qualified
institutional buyers" (as defined in Rule 144A under the Securities
Act) and

    (ii) to non-"U.S. persons" who are outside the United States
(as defined in Regulation S under the Securities Act). Non
U.S.-persons may also be subject to additional eligibility
criteria.

Goldman Sachs & Co. LLC is acting as the dealer manager and
solicitation agent in connection with the Exchange Offer and the
Consent Solicitation.

                        About Trinseo

Headquartered in Wayne, PA, Trinseo (NYSE: TSE) (www.trinseo.com),
a specialty material solutions provider, partners with companies to
bring ideas to life in an imaginative, smart, and sustainably
focused manner by combining its premier expertise, forward-looking
innovations, and best-in-class materials to unlock value for
companies and consumers. From design to manufacturing, Trinseo taps
into decades of experience in diverse material solutions to address
customers' unique challenges in a wide range of industries,
including building and construction, consumer goods, medical, and
mobility.

Trinseo reported a net loss of $701.3 million in 2023 and a net
loss of $430.9 million in 2022.

                           *   *   *

In December 2024, S&P Global Ratings lowered its issuer credit
rating on Trinseo PLC to 'CC' from 'CCC+'. S&P will lower this
rating to a 'SD' (selective default) on completion of the exchange
offer. It expects to raise this rating to a 'CCC+' shortly after
completion of the exchange offer, assuming the deal closes as is
currently proposed per our expectation. At the same time, S&P
lowered the issue-level ratings on the 5.125% senior unsecured
notes due 2029 to 'C' from 'CCC' and revised our recovery rating to
'6' from '5'.

Additionally, Moody's Ratings has downgraded the Corporate Family
Rating of Trinseo PLC to Caa2 from B3, Probability of Default
Rating to Caa2-PD from B3-PD, the rating on Trinseo Materials
Operating S.C.A.'s senior unsecured and backed senior unsecured
notes to Ca from Caa2, the rating on Trinseo Materials Operating
S.C.A.'s backed senior secured first lien term loan and backed
senior secured first lien revolving credit facility to Caa3 from B3
and the rating on Trinseo LuxCo Finance SPV S.a r.l.'s senior
secured first lien term loans to Caa1 from B2. At the same time,
Moody's have assigned a Caa2 rating to the new Second Lien Senior
Secured Notes due 2029 for Trinseo LuxCo Finance SPV S.a r.l. The
SGL-3 Speculative Grade Liquidity Rating ("SGL") under Trinseo
remains unchanged. The rating outlook for all issuers is changed to
stable from negative.


UNITED NATURAL: S&P Alters Outlook to Stable, Affirms 'B' ICR
-------------------------------------------------------------
S&P Global Ratings revised its outlook to stable from negative and
affirmed its 'B' issuer credit rating on U.S.-based grocery
distributor and wholesaler United Natural Foods Inc. (UNFI), 'B+'
issue-level rating on the company's first-lien term loan facility,
and 'CCC+' issue-level rating on its senior unsecured notes. The
recovery ratings on the term loan facility ('2') and senior
unsecured notes ('6') are unchanged.

The stable outlook reflects improved performance visibility over
the next 12 months and S&P's expectation for adjusted EBITDA
margins to expand to the mid-2% area, and S&P Global
Ratings-adjusted debt to EBITDA improving toward the low-5x area
through 2025.

S&P said, "We expect UNFI's S&P Global Ratings-adjusted debt to
EBITDA to improve toward the low-5x area in fiscal 2025 as cash
flow improves. We project reported FOCF will increase significantly
in the current fiscal year to more than $100 million, compared with
a $110 million deficit in fiscal 2024. Supporting our forecast is
our expectation for lower inventory management to drive working
capital cash sources of $140 million this year and a more than $30
million reduction in capital expenditure (capex) following recent
facility consolidations. UNFI has stated a target of net leverage
of 2.5x or below by year-end fiscal 2027. We expect S&P Global
Ratings-adjusted EBITDA to increase 6% in fiscal 2025 compared to
fiscal 2024 as the company de-levers to 5.3x from 6x as of the most
recent first quarter ended Nov. 2, 2024.

"We expect S&P Global Ratings-adjusted EBITDA margins to expand to
the mid-2% area in fiscal 2025 as cost efficiencies outweigh modest
gross margin pressure. UNFI's S&P Global Ratings-adjusted EBITDA
increased 7% year over year in the first quarter, supported by a
rebound in wholesale unit volumes and reduced operating expenses.
We project EBITDA margins will expand 20 basis points to 2.5% in
fiscal 2025 from sales leverage and cost efficiencies, including
higher throughput, increased capacity, and headcount reduction as
UNFI continues to streamline its operations. In particular, we
expect the company to expand natural and organic volume capacity in
its larger, more modern distribution centers, such as its new
Manchester, PA facility, while closing some less efficient legacy
warehouses, primarily supporting their conventional business. We
expect lower selling, general, and administrative margins in 2025
to be partially offset by gross margin contraction due to a mix
shift toward larger customers.

"We believe a continued rebound in wholesale unit volumes will
result in flat revenue growth in 2025. We expect a low-single-digit
percent increase in natural and organic unit volumes to drive
revenue growth following another quarter of sequential volume gains
for UNFI with improvement in natural, organic, and specialty
product categories above the supermarket industry average. Demand
remains strong, as indicated by the 14% growth of business from
UNFI's largest natural and organic customer, which represents about
20% of sales. We expect volume to continue to show promising growth
as grocers seek additional natural, organic, and specialty products
to diversify their assortments.

"Meanwhile, we expect relatively lower conventional volumes from
retailers catering to middle- and lower-income consumers, who we
view as being more pressured by what has been a high and protracted
bout of food-at-home inflation. Despite our expectation for
sustained volumes, we anticipate fiscal 2025 sales growth to be
roughly flat due to one fewer week compared to last fiscal year
(which added $582 million of sales in fiscal 2024).

"Our ratings incorporate UNFI's solid market position in grocery
and specialty foods distribution. UNFI controls about 11% market
share in the grocery wholesaling industry and maintains a strong
position as the largest full-service distributor in North America.
Its diverse customer base includes natural product superstores,
independent retailers, and conventional supermarket chains. The
company maintains a long-term relationship with Whole Foods,
recently extending its contract to serve as its primary distributor
until 2032. However, UNFI still faces competitive pressures from
mass merchants, national and regional natural and organic
distributors, and discount retailers that have a price advantage
and have gained market share over the years. UNFI's main
competitors include KeHE Distributors Holdings LLC (pure-play
natural and organic distribution), SpartanNash Co. (grocery and
nonfood distribution), large-scale food distributors, and numerous
regional players.

"The stable outlook reflects improved performance visibility over
the next 12 months and our expectation for adjusted EBITDA margins
to expand to the mid-2% area, and S&P Global Ratings-adjusted debt
to EBITDA improving toward the low-5x area through 2025."

S&P could lower the rating on UNFI if:

-- S&P Global Ratings-adjusted leverage increases and remains
above 6x; or

-- S&P Global Ratings-adjusted FOCF to debt falls below 5% on a
sustained basis.

S&P could raise the rating on UNFI if it expects:

-- S&P Global Ratings-adjusted debt to EBITDA to fall and remain
below 5x;

-- FOCF to debt to exceed 10%; and

-- S&P Global Ratings-adjusted EBITDA margins to approach the 3%
area.

S&P said, "Governance factors remain a moderately negative
consideration in our credit rating analysis of UNFI. The company
hired a new CFO in April 2024 and has instituted multiple
initiatives aimed at addressing forecasting reliability. Still, we
ascribe a degree of risk and uncertainty related to the company's
ability to execute on its transformation initiatives."




UNITED PF: $116MM Bank Debt Trades at 18% Discount
--------------------------------------------------
Participations in a syndicated loan under which United PF Holdings
LLC is a borrower were trading in the secondary market around 82.2
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $116 million Term loan facility is scheduled to mature on
December 30, 2027. The amount is fully drawn and outstanding.

United PF Holdings, LLC operates fitness and recreation centers.


VROOM INC: Seeks to Hire Porter Hedges as Bankruptcy Counsel
------------------------------------------------------------
Vroom, Inc. seeks approval from the U.S. Bankruptcy Court for the
Southern District of Texas to hire Porter Hedges LLP as as
bankruptcy counsel.

The firm will render these services:

     a. provide legal advice with respect to the Debtor's rights
and duties as debtor in possession and continued business
operations;

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

     c. take necessary action to protect and preserve the Debtor's
estate;

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

     e. assist, advise and represent the Debtor in analyzing the
Debtor's capital structure, investigating the extent and validity
of liens, cash collateral stipulations or contested matters;

     f. assist, advise and represent the Debtor in any cash
collateral and/or postpetition financing transactions;

     g. assist, advise and represent the Debtor in connection with
its prepackaged plan;

     h. appear in Court and protect the Debtor's interests before
the Court and at any meeting with the U.S. Trustee and any meeting
of creditors at any given time on behalf of the Debtor as its
bankruptcy counsel;

     i. assist the Debtor, acting at the direction of the
independent member of the board of directors of Vroom, Inc., with
his investigation of potential claims and causes of action held by
the Debtor against related, non-Debtor parties;

     j. provide other legal advice and services, as requested by
the Debtor, from time to time.

The firm's current hourly rates are:

     Partners                  $520 to $1,100
     Counsel                   $400 to $1,100
     Associates                $420 to $805
     Paraprofessionals         $310 to $470

Porter Hedges received an additional retainer of $50,000.

John F. Higgins, Esq., a partner at Porter Hedges, disclosed in a
court filing that his firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     John F. Higgins, Esq.
     Porter Hedges LLP
     1000 Main St., 36th Floor
     Houston, TX 77002
     Tel: (713) 226-6000
     Fax: (713) 228-1331

      About Vroom Inc.

Vroom, Inc. (NASDAQ: VRM) is a parent company of United Auto Credit
Corporation and CarStory. Previously, it was a used car retailer
and e-commerce company that let consumers buy, sell, and finance
cars online. Vroom ceased e-commerce automotive sales operations in
January 2024.

Vroom Inc. sought relief under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Tex. Case No. 24-90571) on Nov. 13, 2024. In the
petition filed by CEO Thomas Shortt, the Debtor reported total
assets of $43,807,067 and total debt of $304,615,138 as of Sept.
30, 2024.

Bankruptcy Judge Christopher M. Lopez oversees the case.

Porter Hedges LLP, led by John F. Higgins, serves as the Debtor's
bankruptcy counsel. Latham Watkins LLP serves as the Debtor's
corporate, finance, tax, and securities counsel. Stout Risius Ross,
LLC, serves as the Debtor's financial advisor. Deloitte Touche
Tohmatsu Limited serves as the Debtor's tax consultant. The
Overture Group, LLC, serves as the Debtor's compensation
consultant. Verita Global is the Debtor's noticing and solicitation
agent.


VROOM INC: Seeks to Hire Stout Risius Ross as Financial Advisor
---------------------------------------------------------------
Vroom, Inc. seeks approval from the U.S. Bankruptcy Court for the
Southern District of Texas to hire Stout Risius Ross, LLC as
financial advisor.

The firm will provide the Debtor valuation, financial advisory and
consulting services.

The firm will be paid:

     i. Fixed fee of $350,000, which shall be earned upon Stout's
completion of the valuation, liquidation analysis, and feasibility
analysis.

    ii. Hourly rates for all other financial advisory and
consulting services performed by Stout that may be requested by the
Debtor. Stout's rates can be seen below:

          Managing Director             $675 - $850
          Director                      $525 - $650
          Manager/Senior Manager        $400 - $525
          Analyst/Associates            $300 - $375
          Administrative Personnel      $125 - $275

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

The firm received an advance payment retainer in the amount of
$100,000 from the Debtor.

Douglas Brickley, a managing director at Stout Risius Ross,
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:

      Douglas J. Brickley
      Stout Risius Ross LLC
      1000 Main Street, Suite 3200
      Houston, TX 77002
      Office: (713) 225-9580
      Fax: (713) 225-9588
      Email: dbrickley@stout.com

              About Vroom Inc.

Vroom, Inc. (NASDAQ: VRM) is a parent company of United Auto Credit
Corporation and CarStory. Previously, it was a used car retailer
and e-commerce company that let consumers buy, sell, and finance
cars online. Vroom ceased e-commerce automotive sales operations in
January 2024.

Vroom Inc. sought relief under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Tex. Case No. 24-90571) on Nov. 13, 2024. In the
petition filed by CEO Thomas Shortt, the Debtor reported total
assets of $43,807,067 and total debt of $304,615,138 as of Sept.
30, 2024.

Bankruptcy Judge Christopher M. Lopez oversees the case.

Porter Hedges LLP, led by John F. Higgins, serves as the Debtor's
bankruptcy counsel. Latham Watkins LLP serves as the Debtor's
corporate, finance, tax, and securities counsel. Stout Risius Ross,
LLC, serves as the Debtor's financial advisor. Deloitte Touche
Tohmatsu Limited serves as the Debtor's tax consultant. The
Overture Group, LLC, serves as the Debtor's compensation
consultant. Verita Global is the Debtor's noticing and solicitation
agent.


WEBSTERNT LLC: Case Summary & 19 Unsecured Creditors
----------------------------------------------------
Debtor: WebsterNT LLC
        54 Webster Street
        North Tonawanda, NY 14120

Business Description: The Debtor is the fee simple owner of a two-
                      story mixed use building containing
                      approximate area of 26,841 square feet,
                      located at 54 Webster Street, North
                      Tonawanda, New York having an appraised
                      value of $3 million.

Chapter 11 Petition Date: December 19, 2024

Court: United States Bankruptcy Court
       Western District of New York

Case No.: 24-11436

Debtor's Counsel: Scott J. Bogucki, Esq.
                  GLEICHENHAUS, MARCHESE & WEISHAAR, P.C.
                  930 Convention Tower
                  43 Court Street
                  Buffalo, NY 14202
                  Tel: (716) 845-6446
                  Fax: (716) 845-6475

Total Assets: $3,013,220

Total Liabilities: $3,690,218

The petition was signed by Ralph Dailey as member.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 19 unsecured creditors is available for free
at PacerMonitor.com at:

https://www.pacermonitor.com/view/H5EKFNI/WebsterNT_LLC__nywbke-24-11436__0001.0.pdf?mcid=tGE4TAMA


WELLPATH HOLDINGS: $500MM Bank Debt Trades at 65% Discount
----------------------------------------------------------
Participations in a syndicated loan under which Wellpath Holdings
Inc is a borrower were trading in the secondary market around 35.3
cents-on-the-dollar during the week ended Friday, December 20,
2024, according to Bloomberg's Evaluated Pricing service data.

The $500 million Term loan facility is scheduled to mature on
October 1, 2025. The amount is fully drawn and outstanding.

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: Ombudsman Taps Ross Smith as Legal Counsel
-------------------------------------------------------------
Patient Care Ombudsman Susan N. Goodman of Wellpath Holdings, Inc.
and its affiliates seeks approval from the U.S. Bankruptcy Court
for the Southern District of Texas to employ its Ross, Smith &
Binford, PC as counsel.

The firm will render these services:

     a. advise the PCO regarding the PCO's powers and duties under
applicable law with respect to the ombudsman's role in these
Bankruptcy Cases, including topics associated with patient notice
and records;

     b. serve as counsel of record for the PCO in all legal aspects
of these Bankruptcy Cases, including without limitation, the
prosecution of actions on behalf of the PCO that are necessary and
appropriate to monitor the quality of patient care and to represent
the interests of Debtors' patients;

     c. prepare pleadings in connection with the foregoing
Services; and

     d. appear before this Court to represent the interests of the
PCO in connection with the foregoing services.

RSB's standard hourly rates are:

     J. Casey Roy              $600
     Shareholders              $650
     Associates and Counsel    $400 to $600
     Paraprofessionals         $150

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

J. Casey Roy, Esq., an attorney at Ross, Smith & Binford, 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:

     J. Casey Roy, Esq.
     Ross, Smith & Binford, PC
     Plaza of the Americas
     700 N. Pearl Street, Suite 1610
     Dallas, TX 75201
     Phone: (214) 377-7879
     Email: casey.roy@rsbfirm.com

      About Wellpath Holdings

Wellpath Holdings, Inc. f/k/a CCS-CMGC Holdings, Inc. is a provider
of medical and mental healthcare in jails, prisons, and inpatient
and residential treatment facilities.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 24-90533) on
November 11, 2024, with $1 billion to $10 billion in assets and
liabilities. Timothy Dragelin, chief restructuring officer and
chief financial officer, signed the petitions.

The Debtor tapped Marcus A. Helt, Esq. at McDERMOTT WILL & EMERY
LLP as bankruptcy counsel; FTI CONSULTING, INC. as financial
advisor; and LAZARD FRERES & CO. LLC and MTS PARTNERS, LP as
investment bankers.


WISA TECHNOLOGIES: Extends Inducement Period to Jan. 31
-------------------------------------------------------
As previously disclosed, on September 10, 2024, WiSA Technologies,
Inc., a Delaware corporation, entered into an inducement agreement
with each of the holders of certain common stock purchase warrants
issued by the Company to the Holders pursuant to certain exchange
agreements, dated as of September 10, by and between the Company
and each Holder. Each such inducement agreement was amended as of
September 30, for a second time as of October 31, and for a third
time as of November 30.

Pursuant to the September Inducement Agreements, the Company
agreed, as consideration for exercising all or part of the Exchange
Warrants held by any Holder on or prior to December 31, 2024, to
issue to such Holder one or more common stock purchase warrants
exercisable for up to a number of shares of Common Stock equal to
65% of the number of shares of Common Stock issued upon exercise of
the Exchange Warrants.

On December 20, 2024, the Company entered into a fourth amendment
agreement with each of the Holders to extend the expiration date of
the Inducement Period to January 31, 2025.

Additionally, as previously disclosed, on March 26, 2024, the
Company, entered into a securities purchase agreement with certain
purchasers, pursuant to which the Company issued and sold to the
Existing Warrant Holders common stock purchase warrants exercisable
for up to 1,675,803 shares of Common Stock. On December 20, the
Company entered into inducement agreements with the Existing
Warrant Holders, pursuant to which the Company agreed, as
consideration for exercising all or part of the Existing Warrants
held by any such Existing Warrant Holder at a per share exercise
price of $1.70 on or prior to December 31, 2024, to issue to such
Existing Warrant Holder one or more common stock purchase warrants
exercisable for up to a number of shares of Common Stock equal to
150% of the Existing Warrant Shares issuable upon the exercise of
the Existing Warrants pursuant to its December Inducement
Agreement. The Inducement Warrants will have a per share exercise
price of $1.70.

The aggregate gross proceeds to be received by the Company will
depend on the number of Existing Warrants actually exercised by the
Existing Warrant Holders. If all of the Existing Warrants are
exercised pursuant to the December Inducement Agreements, the
Company will receive aggregate gross proceeds of approximately $2.9
million, before deducting financial advisory fees and other
expenses payable by the Company. There is no guarantee that all of
the Existing Warrants will be exercised by the Existing Warrant
Holders pursuant to the December Inducement Agreements.

Pursuant to the December Inducement Agreements, the Company agreed
to file a registration statement to register the resale of the
Inducement Warrant Shares upon exercise of the Inducement Warrants
as soon as reasonably practicable, but in any event no later than
January 31, 2025, and to use commercially reasonable efforts to
have such Resale Registration Statement declared effective by the
U.S. Securities and Exchange Commission as soon as practicable and
keep such registration statement effective until no such holder
owns any such Inducement Warrants or Inducement Warrant Shares
issuable upon exercise thereof. Additionally, pursuant to the
December Inducement Agreements, the Company agreed to hold an
annual or special meeting of stockholders on or prior to the date
that is 60 days following the date of the December Inducement
Agreements for the purpose of obtaining stockholder approval of the
issuance of the Inducement Warrant Shares upon exercise of the
Inducement Warrants. The Inducement Warrants will not be
exercisable until the date the Company receives the
approvalrequired by the applicable rules and regulations of The
Nasdaq Stock Market LLC (or any successor entity) from our
stockholders with respect to the issuance of the shares of Common
Stock upon exercise of such Inducement Warrants, and will expire on
the fifth anniversary of the Stockholder Approval Date.

Pursuant to the Purchase Agreement, the Existing Warrant Holders
were granted the right to participate in certain offerings of the
Company for a specified period of time. Under the December
Inducement Agreements, upon full exercise of the Existing Warrants,
the Original Participation Right will terminate and the Existing
Warrant Holders will receive a new participation right where they
may participate in, until March 27, 2027, any offering by the
Company up to an amount equal to such Existing Warrant Holder's pro
rata portion (measured by number of shares of Common Stock issuable
upon exercise of all existing common stock purchase warrants of the
Company as of the date of the December Inducement Agreements) of
40% of such offering on the same terms, conditions and price
provided to other purchasers in the applicable offering.

                        About WiSA Technologies

WiSA Technologies Inc. -- www.wisatechnologies.com -- develops and
markets spatial audio wireless technology for smart devices and
home entertainment systems. The Company's WiSA Association
collaborates with consumer electronics companies, technology
providers, retailers, and industry partners to promote high-quality
spatial audio experiences. WiSA E is the Company's proprietary
technology for seamless integration across platforms and devices.

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 as factors raising substantial doubt about its
ability to continue as a going concern.


WORKHORSE GROUP: Inks 10th Supplemental Indenture
-------------------------------------------------
As previously disclosed, on March 15, 2024, Workhorse Group Inc.
entered into a securities purchase agreement with an institutional
investor under which the Company agreed to issue and sell, in one
or more registered public offerings by the Company directly to the
Investor:

     (i) senior secured convertible notes for up to an aggregate
principal amount of $139,000,000 that will be convertible into
shares of the Company's common stock, par value of $0.001 per
share, and

    (ii) warrants to purchase shares of Common Stock in multiple
tranches over a period beginning on March 15, 2024. Pursuant to the
Securities Purchase Agreement, on December 16, 2024, the Company
issued and sold to the Investor a Note in the original principal
amount of $3,500,000.

The Investor has waived its right to receive Warrants in connection
with the issuance of the Eighth Additional Note. The Eighth
Additional Note was issued pursuant to the Company's Indenture
between the Company and U.S. Bank Trust Company, National
Association, as trustee, dated December 27, 2023, and a Tenth
Supplemental Indenture, dated December 16, 2024, entered into
between the Company and the Trustee.

Additionally, the Company has issued and sold to the Investor:

     (i) Notes in aggregate original principal amount of
$35,485,714, and

    (ii) Warrants to purchase up to 15,640,900 shares of Common
Stock pursuant to the Securities Purchase Agreement (following
adjustment in connection with the Company's 1-for-20 reverse stock
split, which became effective on June 17, 2024).

As of December 15, 2024, $5,600,000 aggregate principal amount
remained outstanding under the Notes, and no shares had been issued
pursuant to the Warrants. Upon our filing of one or more additional
prospectus supplements, and our satisfaction of certain other
conditions, the Securities Purchase Agreement contemplates
additional closings of up to $100,014,286 in aggregate principal
amount of additional Notes and a corresponding Warrant pursuant to
the Securities Purchase Agreement as further described in our
Current Report on Form 8-K filed on March 15, 2024.

No Note may be converted and no Warrant may be exercised to the
extent that such conversion or exercise would cause the then holder
of such Note or Warrant to become the beneficial owner of more than
9.99% of the Company's then outstanding Common Stock, after giving
effect to such conversion or exercise.

     * Notes

Like the Prior Notes:

     - the Eighth Additional Note was issued with original issue
discount of 12.5%, resulting in $3,062,500 of proceeds to the
Company before fees and expenses. The Eighth Additional Note is a
senior, secured obligation of the Company, ranking senior to all
other unsecured indebtedness, subject to certain limitations and is
unconditionally guaranteed by each of the Company's subsidiaries,
pursuant to the terms of a certain security agreement and
subsidiary guarantee.

     - the Eighth Additional Note bears interest at a rate of 9%
per annum, payable in arrears on the first trading day of each
calendar quarter, at the Company's option, either in cash or
in-kind by compounding and becoming additional principal. Upon the
occurrence and during the continuance of an event of default, the
interest rate will increase to 18% per annum. Unless earlier
converted or redeemed, the Eighth Additional Note will mature on
the one-year anniversary of the date hereof, subject to extension
at the option of the holders in certain circumstances as provided
in the Eighth Additional Note.

     - all amounts due under the Eighth Additional Note are
convertible at any time, in whole or in part, and subject to the
Beneficial Ownership Cap, at the option of the holders into shares
of Common Stock at a conversion price equal to the lower of $0.5983
or (b) the greater of (x) $0.20 (the "Floor Price") and (y) 87.5%
of the volume weighted average price of the Common Stock during the
ten trading days ending and including the trading day immediately
preceding the delivery or deemed delivery of the applicable
conversion notice, as elected by the converting holder. The
Reference Price and Floor Price are subject to customary
adjustments upon any stock split, stock dividend, stock
combination, recapitalization or similar event. The Reference Price
is also subject to full-ratchet adjustment in connection with a
subsequent offering at a per share price less than the Reference
Price then in effect. Subject to the rules and regulations of
Nasdaq, the Company has the right, at any time, with the written
consent of the Investor, to lower the reference price to any amount
and for any period of time deemed appropriate by our board of
directors. Upon the satisfaction of certain conditions, we may
prepay the Eighth Additional Note upon 15 business days' written
notice by paying an amount equal to the greater of (i) the face
value of the Eighth Additional Note at premium of 25% (or 75%
premium, during the occurrence and continuance of an event of
default, or in the event certain redemption conditions are not
satisfied) and (ii) the equity value of the shares of Common Stock
underlying the Eighth Additional Note. The equity value of the
Common Stock underlying the Eighth Additional Note is calculated
using the two greatest volume weighted average prices of its Common
Stock during the period immediately preceding the date of such
redemption and ending on the date the Company makes the required
payment.


     - the Eighth Additional Note contains customary affirmative
and negative covenants, including certain limitations on debt,
liens, restricted payments, asset transfers, changes in the
business and transactions with affiliates. It also requires the
Company to maintain minimum liquidity on the last day of each
fiscal quarter in the amount of either:

     (i) $1,500,000 if the sale leaseback transaction of Company's
manufacturing facility in Union City, Indiana has not been
consummated, and
    (ii) $4,000,000 if the Sale Leaseback has been consummated,
subject to certain conditions.

The Eighth Additional Note also contains customary events of
default.

The Company and the Investor previously entered into a limited
waiver of certain provisions of the Securities Purchase Agreement.
Pursuant to the Waiver:

     (i) the Investor has waived its right to receive Warrants in
connection with the issuance and sale, if any, of additional Notes
in the aggregate principal amount of up to $16.0 million, of which
$9.3 million remains following the issuance of the Eighth
Additional Note,
    (ii) for the period commencing on the Closing Date and ending
on and including October 16, 2025, the Investor waived certain
provisions of the Securities Purchase Agreement to permit the
Company to sell up to $5 million in shares of Common Stock pursuant
to an at-the-market offering program without a price floor and
without application of certain anti-dilution and participation
provisions in the Notes and the Warrants, and
   (iii) the Company waived the obligation of an affiliate of the
Investor to make certain ongoing lease payments under the asset
purchase agreement pursuant to which the Company divested from its
aero business.

Under certain circumstances, including a change of control, the
holder may cause us to redeem all or a portion of the
then-outstanding amount of principal and interest on the Eighth
Additional Note in cash at the greater of:

     (i) the face value of the amount of the Eighth Additional Note
to be redeemed at a 25% premium (or at a 75% premium, if certain
redemption conditions are not satisfied or during the occurrence
and continuance of an event of default),
    (ii) the equity value of our Common Stock underlying such
amount of the Eighth Additional Note to be redeemed, and
   (iii) the equity value of the change of control consideration
payable to the holder of our Common Stock underlying the Eighth
Additional Note.


In addition, during an event of default, the holder may require us
to redeem in cash all, or any portion, of the Eighth Additional
Note at the greater of (i) the face value of our Common Stock
underlying the Eighth Additional Note at a 75% premium and (ii) the
equity value of our Common Stock underlying the Eighth Additional
Note. In addition, during a bankruptcy event of default, the
Company shall immediately redeem in cash all amounts due under the
Eighth Additional Note at a 75% premium unless the holder of the
Eighth Additional Note waives such right to receive payment.
Further, upon the sale of certain assets, the holder may cause a
redemption at a premium, including upon consummation of the Sale
Leaseback if the redemption conditions are not satisfied. The
Eighth Additional Note also provides for purchase and participation
rights in the event of a dividend or other purchase right being
granted to the holders of Common Stock.

The issuance of the Eighth Additional Note and the shares of Common
Stock issuable upon conversion have been registered pursuant to the
Company's effective shelf registration statement on Form S-3 (File
No. 333-273357), and the related base prospectus included in the
Registration Statement, as further supplemented by a prospectus
supplement filed on December 16, 2024.

                       About Workhorse Group

Workhorse Group Inc. -- http://www.workhorse.com-- is a technology
company focused on providing electric vehicles to the last-mile
delivery sector. As an American original equipment manufacturer,
the Company designs and builds high-performance, battery-electric
trucks. Workhorse also develops cloud-based, real-time telematics
performance monitoring systems that are fully integrated with its
vehicles and enable fleet operators to optimize energy and route
efficiency. All Workhorse vehicles are designed to make the
movement of people and goods more efficient and less harmful to the
environment.

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 the Company incurred a net loss
of $123.9 million and used $123.0 million of cash in operating
activities during the year ended December 31, 2023. 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
other matters, raise substantial doubt about the Company's ability
to continue as a going concern.

Workhorse Group incurred a net loss of $123.9 million during the
year ended December 31, 2023. As of June 30, 2024, Workhorse Group
had $105.4 million in total assets, $46.7 million in total
liabilities, and $58.6 million in total stockholders' equity.


YUNHONG GREEN: Shareholders Elect 5 Directors at Annual Meeting
---------------------------------------------------------------
Yunhong Green CTI Ltd. on December 13, 2024, convened its Annual
Meeting of shareholders for the purpose of holding a shareholder
vote. At the Annual Meeting, the shareholders of the Company
voted:

     1. To elect Yubao Li, Frank Cesario, Douglas Bosley, Gerald
(J.D.) Roberts, Jr., and Philip Wong as directors to hold office
for a one-year term that will expire at the 2025 annual meeting of
shareholders.

     2. To ratify the appointment of Wolf & Company, P.C. as
auditors of the Company for the fiscal year ending December 31,
2024.

     3. To transact such other business as may property come before
the meeting.

The proposals are described in detail in the Company's definitive
proxy statement for the Annual Meeting filed with the Securities
and Exchange Commission on November 1, 2024.

The number of shares of common stock entitled to vote at the Annual
Meeting was 25,848,187. The number of shares of common stock
present or represented by valid proxy at the Annual Meeting was
16,316,222. Proposals 1, 2, and 3 submitted to a vote of the
Company's stockholders at the Annual Meeting were approved.

                         About Yunhong Green

Barrington, Ill.-based Yunhong Green CTI Ltd develops, produces,
distributes and sells a number of consumer products throughout the
United States and in several other countries, and it produces film
products for commercial and industrial uses in the United States.
The Company's principal lines of products include Novelty Products
consisting principally of foil and latex balloons and related gift
items; and Flexible Films for food and other commercial and
packaging applications.

Yunhong reported a net loss of $235,000 for the 12 months ended
Dec. 31, 2023, compared to a net loss of $1.47 million for the 12
months ended Dec. 31, 2022.

Lakewood, Colorado-based BF Borgers CPA PC, the Company's former
auditor, issued a "going concern" qualification in its report dated
March 29, 2024, citing that the Company's significant operating
losses raise substantial doubt about its ability to continue as a
going concern.

The Company dismissed BF Borgers as its auditor after the firm and
its owner, Benjamin F. Borgers, were charged by the Securities and
Exchange Commission with deliberate and systemic failures to comply
with PCAOB standards in audits and reviews included in over 1,500
SEC filings from January 2021 through June 2023. The charges
included false representations of compliance with PCAOB standards,
fabrication of audit documentation, and false statements in audit
reports. Borgers agreed to a $14 million civil penalty and a
permanent suspension from practicing before the Commission.

The Company appointed Wolf & Company, P.C. as its new auditor,
effective April 1, 2024.


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------

                                              Total
                                             Share-       Total
                                   Total   Holders'     Working
                                  Assets     Equity     Capital
  Company         Ticker           ($MM)       ($MM)       ($MM)
  -------         ------         ------   ---------    --------
AIRSHIP AI HOLDI  AISP US           9.1       (12.9)        0.0
ALPHA COGNITION   ACOG CN           6.8        (3.9)        2.0
ALTRIA GROUP INC  MO US        34,167.0    (3,418.0)   (4,497.0)
AMC ENTERTAINMEN  AMC US        8,324.1    (1,685.3)     (789.8)
AMERICAN AIRLINE  AAL US       63,528.0    (4,854.0)  (11,076.0)
AMNEAL PHARM INC  AMRX US       3,461.0       (33.7)      418.1
APPIAN CORP-A     APPN US         549.9       (49.8)       62.0
AQUESTIVE THERAP  AQST US         110.0       (45.4)       81.4
AUTOZONE INC      AZO US       17,465.8    (4,394.8)   (2,388.6)
AVEANNA HEALTHCA  AVAH US       1,644.2      (156.4)      (24.7)
AVIS BUDGET GROU  CAR US       32,749.0      (229.0)   (1,007.0)
BATH & BODY WORK  BBWI US       4,984.0    (1,748.0)      145.0
BAUSCH HEALTH CO  BHC CN       26,540.0      (242.0)      845.0
BAUSCH HEALTH CO  BHC US       26,540.0      (242.0)      845.0
BELLRING BRANDS   BRBR US         837.0      (205.9)      389.0
BEYOND MEAT INC   BYND US         692.9      (611.9)      210.8
BIGBEAR.AI HOLDI  BBAI US         354.1        98.4        53.6
BIOAGE LABS INC   BIOA US         337.4       313.7       317.4
BIOCRYST PHARM    BCRX US         491.3      (468.6)      295.2
BIOTE CORP-A      BTMD US         101.3      (126.8)       23.5
BLEICHROEDER ACQ  BACQU US          0.3        (0.1)       (0.3)
BLEICHROEDER ACQ  BACQ US           0.3        (0.1)       (0.3)
BOEING CO/THE     BA US         137,695   (23,562.0)   12,136.0
BOLD EAGLE ACQ-A  BEAG US           0.9        (0.1)       (0.0)
BOLD EAGLE ACQUI  BEAGU US          0.9        (0.1)       (0.0)
BOMBARDIER INC-A  BDRAF US     12,670.0    (1,996.0)      328.0
BOMBARDIER INC-A  BBD/A CN     12,670.0    (1,996.0)      328.0
BOMBARDIER INC-B  BDRBF US     12,670.0    (1,996.0)      328.0
BOMBARDIER INC-B  BBD/B CN     12,670.0    (1,996.0)      328.0
BOOKING HOLDINGS  BKNG US      27,978.0    (3,653.0)    3,851.0
BRIDGEBIO PHARMA  BBIO US         665.0    (1,218.4)      305.4
BRIDGEMARQ REAL   BRE CN          163.4       (68.9)      (86.7)
BRIGHTSPHERE INV  BSIG US         555.2        (3.8)        -
CALUMET INC       CLMT US       2,640.1      (426.6)     (464.6)
CANTOR PA         CEP US          101.5       100.9        (0.1)
CARDINAL HEALTH   CAH US       43,059.0    (3,276.0)   (1,773.0)
CHARLTON ARIA AC  CHARU US          0.2        (0.1)       (0.3)
CHARLTON ARIA-A   CHAR US           0.2        (0.1)       (0.3)
CHECKPOINT THERA  CKPT US           5.2       (12.6)      (12.6)
CHENIERE ENERGY   CQP US       17,385.0      (626.0)     (543.0)
CHILDREN'S PLACE  PLCE US         888.8       (49.6)      (46.3)
CHOICE HOTELS     CHH US        2,544.0       (96.2)     (140.2)
CINEPLEX INC      CGX CN        2,209.3       (39.7)     (310.5)
CINEPLEX INC      CPXGF US      2,209.3       (39.7)     (310.5)
CLIPPER REALTY I  CLPR US       1,287.0        (9.5)        -
COHEN CIRCLE ACQ  CCIRU US          0.2        (0.5)       (0.7)
COHEN CIRCLE ACQ  CCIR US           0.2        (0.5)       (0.7)
COMMSCOPE HOLDIN  COMM US       8,810.7    (2,111.8)      973.2
COMMUNITY HEALTH  CYH US       13,905.0    (1,270.0)      982.0
COMPOSECURE IN-A  CMPO US         435.4      (285.0)       92.2
CONSENSUS CLOUD   CCSI US         622.5       (93.2)        4.5
CONTANGO ORE INC  CTGO US         158.3       (10.2)      (43.0)
COOPER-STANDARD   CPS US        1,797.5      (163.1)      223.8
CORE SCIENTIFIC   CORZ US         921.9      (729.4)      201.3
CPI CARD GROUP I  PMTS US         342.3       (42.8)      123.7
CROSSAMERICA PAR  CAPL US       1,130.1       (30.7)      (47.1)
CYTOKINETICS INC  CYTK US       1,436.1       (13.9)      908.8
D-WAVE QUANTUM I  QBTS US          49.6       (16.9)        9.3
DAVE INC          DAVE US         272.2      (169.3)      217.3
DELEK LOGISTICS   DKL US        1,960.7       (45.1)       16.4
DELL TECHN-C      DELL US      81,951.0    (2,190.0)  (11,465.0)
DENNY'S CORP      DENN US         461.6       (54.5)      (53.8)
DIGITALOCEAN HOL  DOCN US       1,526.5      (211.7)      376.0
DINE BRANDS GLOB  DIN US        1,699.5      (216.7)      (55.4)
DOMINO'S PIZZA    DPZ US        1,775.1    (3,976.6)      361.7
DOMO INC- CL B    DOMO US         190.2      (171.2)     (105.7)
DROPBOX INC-A     DBX US        2,576.7      (546.1)     (156.6)
ELUTIA INC        ELUT US          48.4       (40.2)       (2.4)
EMBECTA CORP      EMBC US       1,285.3      (738.3)      387.0
EOS ENERGY ENTER  EOSE US         216.8      (417.7)       74.1
ETSY INC          ETSY US       2,442.2      (624.3)      767.7
EXCO RESOURCES    EXCE US       1,032.7    (1,026.5)     (421.2)
FAIR ISAAC CORP   FICO US       1,717.9      (962.7)      237.1
FENNEC PHARMACEU  FENC US          58.9        (5.2)       50.5
FENNEC PHARMACEU  FRX CN           58.9        (5.2)       50.5
FERRELLGAS PAR-B  FGPRB US      1,413.7      (457.2)      (18.4)
FERRELLGAS-LP     FGPR US       1,413.7      (457.2)      (18.4)
FOGHORN THERAPEU  FHTX US         308.4       (28.3)      214.4
FREIGHTCAR AMERI  RAIL US         245.9       (72.4)       63.3
GCM GROSVENOR-A   GCMG US         575.0      (113.0)      152.8
GOAL ACQUISITION  PUCKU US          4.0       (11.1)      (13.4)
GRINDR INC        GRND US         456.3       (13.4)       29.3
GUARDANT HEALTH   GH US         1,538.7       (60.1)    1,029.4
H&R BLOCK INC     HRB US        2,550.0      (368.1)     (184.3)
HERBALIFE LTD     HLF US        2,653.5      (954.2)      (40.4)
HILTON WORLDWIDE  HLT US       16,689.0    (3,430.0)     (918.0)
HP INC            HPQ US       39,909.0    (1,323.0)   (7,927.0)
HUMACYTE INC      HUMA US         114.8       (63.7)        2.1
INHIBIKASE THERA  IKT US            4.4        (0.5)       (0.7)
INSEEGO CORP      INSG US         113.4       (85.1)     (103.8)
INSPIRED ENTERTA  INSE US         388.6       (78.3)       56.1
INTUITIVE MACHIN  LUNR US         224.8        (4.5)       73.0
INVIZYNE TECHNOL  IZTC US           3.6        (3.6)       (4.4)
IRON MOUNTAIN     IRM US       18,469.6       (31.9)     (587.2)
IRONWOOD PHARMAC  IRWD US         389.5      (311.3)      129.2
JACK IN THE BOX   JACK US       2,735.6      (851.8)     (253.0)
JUPITER NEUROSCI  JUNS US           0.1        (5.4)       (5.3)
LAUNCH ONE ACQUI  LPAAU US        234.0        (9.8)        -
LAUNCH ONE ACQUI  LPAA US         234.0        (9.8)        -
LIFEMD INC        LFMD US          72.6        (6.0)      (10.3)
LINDBLAD EXPEDIT  LIND US         889.8      (122.4)      (98.3)
LIONS GATE ENT-B  LGF/B US      7,146.8      (124.9)   (2,637.3)
LIONS GATE-A      LGF/A US      7,146.8      (124.9)   (2,637.3)
LIONSGATE STUDIO  LION US       5,261.4      (938.9)   (2,312.9)
LOWE'S COS INC    LOW US       44,743.0   (13,419.0)    2,530.0
LUCKY STRIKE ENT  LUCK US       3,092.4       (40.4)     (104.2)
LUMINAR TECHNOLO  LAZR US         403.4      (258.0)      176.2
MADISON SQUARE G  MSGS US       1,373.3      (277.5)     (338.9)
MADISON SQUARE G  MSGE US       1,610.3       (48.7)     (260.8)
MANNKIND CORP     MNKD US         464.2      (209.9)      255.6
MARBLEGATE ACQ-A  GATE US           4.2       (19.4)       (0.4)
MARBLEGATE ACQUI  GATEU US          4.2       (19.4)       (0.4)
MARRIOTT INTL-A   MAR US       26,209.0    (2,421.0)   (4,945.0)
MARTIN MIDSTREAM  MMLP US         554.8       (61.3)       53.9
MATCH GROUP INC   MTCH US       4,425.8       (88.5)      792.4
MBIA INC          MBI US        2,230.0    (1,988.0)        -
MCDONALDS CORP    MCD US       56,172.0    (5,177.0)   (1,396.0)
MCKESSON CORP     MCK US       72,429.0    (2,642.0)   (5,430.0)
MEDIAALPHA INC-A  MAX US          236.1       (59.6)       29.4
METTLER-TOLEDO    MTD US        3,319.8      (154.4)       13.3
MODIVCARE INC     MODV US       1,651.7       (17.0)     (118.1)
MSCI INC          MSCI US       5,408.9      (751.0)      (92.1)
NATHANS FAMOUS    NATH US          57.7       (21.3)       32.6
NEW ENG RLTY-LP   NEN US          387.4       (65.5)        -
NEXT-CHEMX CORP   CHMX US           3.9        (1.8)       (3.8)
NOVAGOLD RES      NG CN           114.7       (37.8)      103.5
NOVAGOLD RES      NG US           114.7       (37.8)      103.5
NOVAVAX INC       NVAX US       1,712.5      (526.4)      (77.3)
NUTANIX INC - A   NTNX US       2,181.4      (685.3)      302.9
O'REILLY AUTOMOT  ORLY US      14,577.5    (1,439.1)   (2,486.9)
OAKTREE ACQUISIT  OACCU US          0.6        (0.0)        -
OMEROS CORP       OMER US         313.3      (154.2)      109.3
OTIS WORLDWI      OTIS US      10,261.0    (4,780.0)   (1,602.0)
PAPA JOHN'S INTL  PZZA US         860.9      (414.7)      (54.7)
PELOTON INTERA-A  PTON US       2,157.1      (480.3)      644.9
PHATHOM PHARMACE  PHAT US         387.0      (187.1)      308.5
PHILIP MORRIS IN  PM US        66,892.0    (7,713.0)   (2,570.0)
PITNEY BOWES INC  PBI US        3,647.7      (518.9)     (198.4)
PLANET FITNESS-A  PLNT US       3,048.2      (267.1)      270.2
PORCH GROUP INC   PRCH US         867.3       (77.0)      (84.6)
PRIORITY TECHNOL  PRTHU US      1,759.7       (58.9)       37.7
PRIORITY TECHNOL  PRTH US       1,759.7       (58.9)       37.7
PROS HOLDINGS IN  PRO US          384.2       (75.2)       44.2
PTC THERAPEUTICS  PTCT US       1,842.2    (1,054.4)      670.8
QUANTUM CORP      QMCOEUR EU      163.1      (153.4)      (25.7)
QUANTUM CORP      QMCO US         163.1      (153.4)      (25.7)
RAPID7 INC        RPD US        1,574.5        (6.3)       99.0
RE/MAX HOLDINGS   RMAX US         578.6       (61.8)       54.2
REALREAL INC/THE  REAL US         406.3      (345.4)      (14.0)
REDFIN CORP       RDFN US       1,151.1       (25.2)      167.3
REVANCE THERAPEU  RVNC US         461.6      (163.0)      249.6
RH                RH US         4,464.2      (183.0)      381.5
RIGEL PHARMACEUT  RIGL US         139.4       (14.6)       52.2
RINGCENTRAL IN-A  RNG US        1,818.4      (345.9)       94.2
RUBRIK INC-A      RBRK US       1,268.7      (521.1)      127.1
SABRE CORP        SABR US       4,693.2    (1,530.1)       22.9
SANUWAVE HEALTH   SNWV US          21.8       (60.3)      (71.6)
SBA COMM CORP     SBAC US      10,201.7    (5,125.8)     (217.6)
SCOTTS MIRACLE    SMG US        2,871.9      (390.6)      230.1
SEAGATE TECHNOLO  STX US        7,972.0    (1,300.0)      447.0
SEMTECH CORP      SMTC US       1,379.0      (139.7)      322.3
SHOULDERUP TEC-A  SUAC US           9.6        (3.8)       (4.8)
SLEEP NUMBER COR  SNBR US         864.7      (448.8)     (723.8)
SPECTRAL CAPITAL  FCCN US           0.3        (0.1)       (0.2)
SPIRIT AEROSYS-A  SPR US        7,049.2    (1,936.5)      501.5
STARBUCKS CORP    SBUX US      31,339.3    (7,441.6)   (2,222.6)
STARDUST POWER I  SDST US           5.4       (13.3)       (7.7)
TORRID HOLDINGS   CURV US         493.0      (189.3)      (28.4)
TOWNSQUARE MED-A  TSQ US          565.4       (52.5)       25.3
TRANSDIGM GROUP   TDG US       25,586.0    (6,283.0)    3,690.0
TRAVEL + LEISURE  TNL US        6,698.0      (861.0)      658.0
TRAVERE THERAPEU  TVTX US         504.4       (30.5)      134.7
TRINSEO PLC       TSE US        2,882.8      (480.0)      305.5
TRISALUS LIFE SC  TLSI US          27.5       (20.4)       13.9
TRIUMPH GROUP     TGI US        1,511.5       (95.2)      453.7
TUCOWS INC-A      TC CN           799.0       (53.1)       22.7
TUCOWS INC-A      TCX US          799.0       (53.1)       22.7
UNISYS CORP       UIS US        1,861.6      (187.9)      361.8
UNITED PARKS & R  PRKS US       2,579.6      (455.9)     (142.3)
UNITI GROUP INC   UNIT US       5,098.7    (2,476.3)        -
VERISIGN INC      VRSN US       1,462.0    (1,900.6)     (808.8)
VOYAGER ACQ CORP  VACHU US        256.9       (11.3)        0.8
VOYAGER ACQUISIT  VACH US         256.9       (11.3)        0.8
WAYFAIR INC- A    W US          3,414.0    (2,733.0)     (357.0)
WILLOW LANE ACQU  WLACU US          0.1        (0.0)       (0.1)
WINGSTOP INC      WING US         484.8      (447.5)       47.3
WINMARK CORP      WINA US          52.0       (33.7)       30.0
WORKIVA INC       WK US         1,302.1       (50.8)      449.5
WPF HOLDINGS INC  WPFH US           0.0        (0.3)       (0.3)
WYNN RESORTS LTD  WYNN US      14,111.4    (1,065.5)    1,447.4
XERIS BIOPHARMA   XERS US         321.1       (28.3)       71.8
XPONENTIAL FIT-A  XPOF US         472.2      (123.3)        1.4
YUM! BRANDS INC   YUM US        6,461.0    (7,674.0)      439.0



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA.
Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante,
Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon,
Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and
Peter A. Chapman, Editors.

Copyright 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.

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