Bankruptcy & Restructuring News Headlines for Monday Dec 20, 2021

Here's what we are reading this morning:

Sears owner reportedly plans to sell its corporate HQ | Retail Dive: The sale would be yet one more disposed asset in an ongoing fire sale by the shrinking retailer.  

SDNY Rejects Third-Party Releases in Purdue Pharma Bankruptcy Appeal | Plan Proponent: Late Thursday, Judge Colleen McMahon (SDNY), in a 142-page opinion, reversed the plan confirmation order in the Purdue Pharma Chapter 11 appeal on the basis that its non-consensual third-party releases are improper under the Bankruptcy Code.

Covid-19’s Omicron Variant Starts to Take Toll on Businesses - WSJ: The surge is challenging restaurants, manufacturers, hair salons, law firms and others, including some that hope existing precautions will be enough.

NSO Lender Group Taps Banker as Spyware Firm Consider Options: Some first lien lenders to spyware company NSO Group have selected PJT Partners to assist with debt talks, according to people with knowledge of the matter.

Jefferies Resigns as Loan Agent for Spyware Maker NSO Group: Jefferies Financial Group Inc., one of Wall Street’s closest allies of spyware firm NSO Group, is resigning from a key administrative role for the Israeli company’s debt, according to a person with knowledge of the matter.

Nordic Aviation Capital reaches Restructuring Support Agreement with majority of lenders: Nordic Aviation Capital Designated Activity Company, the world's largest regional aircraft lessor, announced that it has entered into a Restructuring Support Agreement with its equityholders and lenders holding over 73% of NAC's approximately $6.3 billion in debt obligations

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