Sundevil Power Files for Bankruptcy, S&P Predicts Jump in High-Yield Default Rate





Court Docket (Bankr. D. Del.): Declaration of Principal at Wayzata Investment Partners LLC in Support of Chapter 11 Bankruptcy Filings by Sundevil Power Holdings, LLC & SPH Holdco LLC


High Yield Bond: High Yield Default Rate up to 3.9% by Year-End 2016


Bloomberg: Some Hedge Funds Want to Make Subprime Auto Loans Next Big Short


Reuters: Caesars senior creditors threaten to tear up framework plan


Wall Street Journal: Peabody Energy to Draw Down Rest of $1.65 Billion Revolving Loan


SEC Filing: Peabody Energy Confirms Draw Downs


Street Insider: S&P Downgrades Midstates Petroleum (MPOY) to ‘CCC-‘; Sees Potential for Chapter 11 Filing


Reuters: Hercules Offshore considering selling itself


SEC Filing: Brandywine Realty Trust records major impairment charges relating to suburban office properties


SEC Filing: Lands’ End to record an impairment charge for its trade name asset in the range of $90-110MM in 4Q2015


New York Times: Pandora Is Said to Have Held Talks About Selling Itself


Contra Costa Times: FBI probing Ponzi scheme claims, owner of Berkeley wine store files for bankruptcy


Wall Street Journal: Revel Owner Glenn Straub, Casino Restaurants Pick Legal Bar Brawl


Charlotte Observer: Attorneys seek to dismiss claims in DesignLine bankruptcy case


NewsOK: WPX Energy to close OKC office, lay off 60 employees


Weil, Gotshal & Manges: Don’t Go Chasing (Debtor-Affiliate) Waterfalls: Second Circuit Applies 510(b) Subordination to Contribution Claims Arising from the Securities of an Affiliate of a Debtor

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