Bankruptcy & Restructuring News Headlines for Friday May 14, 2021

Here's what we are reading this morning:

Washington Prime Lenders Spar Over Assets as Talks Drag On (1): Washington Prime Group Inc.’s creditors are having difficulty advancing discussions over a planned Chapter 11 filing as groups tussle over dividing the mall owner’s assets, according to people familiar with the talks.

The digital Saks raises $465M in debt capital to fuel growth | Retail Dive: The funding is aimed at helping the newly separated e-commerce company capitalize on an expanding market in online luxury retail. 

N.Y.’s Biggest Mall Flirts With Muni Default as Future in Doubt: A sprawling shopping mall in Syracuse, New York, may be driven into one of the biggest municipal-bond defaults since the onset of the pandemic.

Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Material Impairments (Item 2.06) for the Week Ended Thursday May 13, 2021:

Lutheran Social Services of North Dakota suspends programs and begins controlled liquidation plan: Press release from January. The non-profit agency filed a Chapter 11 bankruptcy petition on Thursday.

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