Bankruptcy & Restructuring News Headlines for Friday Nov 12, 2021

Here's what we are reading this morning:

Panda Stonewall Nears Refinancing With Ares Ready To Take Keys: Panda Stonewall, a power plant in Virginia, has lined up lenders to refinance a $490 million loan and aims to close on the deal on Friday, just before its current obligation comes due, according to people with knowledge of the situation.

Exclusive: Banana Republic’s Chief Brand Officer Departs – WWD: Ana Andjelic, Banana Republic’s chief brand officer, has abruptly left the company after only nine months on the job. The departure raises questions over whether the brand's repositioning is resonating.

Ex-MoviePass CEO to Test a Second Act for the Failed Subscription Service - WSJ: Stacy Spikes, former chief of MoviePass, said he intends to test a revised business model between the Thanksgiving and New Year holidays, according to court documents.

Boy Scouts Say Survivor Group Email Broke Chapter 11 Voting Rules: The Boy Scouts of America accused a sex-abuse survivors committee of improperly disparaging other victims’ lawyers in its efforts to whip votes against the youth group’s victim-compensation plan.

Teligent Urged to Face Price-Fixing Claims Outside Bankruptcy: Generic drugmaker Teligent Inc. must continue to defend its role in an alleged price-fixing conspiracy in federal district court despite the company’s bankruptcy filing, a group of labor unions, private insurers, and welfare benefit funds said.

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