Sequa Burning Cash at Alarming Rate; American Apparel Averts Default . . . For Now; Patriot Coal Has a Plan

Bloomberg: Carlyle’s Sequa Said to Burn Through 44% of Cash; Loans Plunge


Wall Street Journal: American Apparel Agrees to $90 Million Asset-Based Infusion


Forbes/S&P Capital IQ: Patriot Coal Leveraged Loan To See 80% Recovery Under Reorg Plan


Debtwire: Ceagro enters into 30-day standstill agreement with banks


Bloomberg: KKR Losses May Reach $5 Billion From Samson, Energy Future Busts


Forbes: Oil Goes Down, Bankruptcies Go Up – These 5 Frackers Could Be Next To Fall


Trepp: 2008 CMBS Deal Hit with $79 Million in Losses, Nearly Reaching the AJ Class; Mall Portfolio Maturity Date Extended a Second Time


Bloomberg: McClendon’s Marcellus Misadventure Exposes Lenders to More Pain


The Street: Republic Airways Labor Woes Leave Its Stock in a Tailspin


Fortune: J.C. Penney’s plan to catch up in the e-commerce wars

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