Here's what we are reading this morning:
Stellantis Supplier CLN Seeks Advice for Debt Talks Amid Slump - Bloomberg: Italy-based CLN Coils Lamiere Nastri needs to refinance a bond due in November and start negotiations with bank lenders, according to people with knowledge of the matter, who asked not to be named because they aren’t authorized to talk about it
Big Lots gets court OK for $550M in bankruptcy financing | Retail Dive: Big Lots has received interim court approval to immediately access $550 million of $707.5 million in available bankruptcy financing, according to court documents and a Wednesday company announcement
Hertz Bondholders Win Appeal for $272 Million From Bankruptcy Dispute - WSJ: A federal appeals court says Hertz can’t force bondholders to give up interest payments in chapter 11 while paying ‘massive dividend’ to shareholders