Bankruptcy & Restructuring News Headlines for Monday Dec 5, 2022

Here's what we are reading this morning:

Twitter Keeps Missing Its Advertising Targets as Woes Mount - The New York Times: Under Elon Musk, the company has cut its financial expectations as some advertisers request discounts and are offered incentives.

U.S. Renal Care’s Loan Drops Following Third Quarter Earnings: The dialysis provider’s first-lien term loan due in 2026 was quoted as low as 56.5 cents on the dollar on Friday, according to data compiled by Bloomberg. That’s down from about 61.4 cents before the earnings were released in late November.

FTX’s LedgerX Up for Sale as Restructuring Process Picks Up: LedgerX, one of the few solvent pieces of Sam Bankman-Fried’s crumbled FTX empire, is for sale and attracting interest from would-be buyers including crypto giants and Gemini, according to people familiar with the matter.

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