Bankruptcy & Restructuring News Headlines for Monday Feb 12, 2024

Here's what we are reading this morning:

Small-town Missouri hospital may restructure after default declared | Bond Buyer: The bond trustee for the city of Nevada, Missouri-owned Nevada Regional Medical Center declared its bonds to be in default.

Discount Home Retailer Big Lots Seeks Cash Amid Ongoing Losses: “The company has to do something fast to avoid running out of cash,” said Scott Friedman, a credit analyst at Pulse Ratings, where he covers Big Lots and other retailers.

Children’s Place Hires Centerview to Help Bolster Cash Reserves: Apparel retailer The Children’s Place Inc. has hired Centerview Partners LLC to explore ways to strengthen its cash reserves, according to people with knowledge of the matter.

‘Zombie Offices’ Spell Trouble for Some Banks - The New York Times: Bank tremors serve as a reminder: Just because a crisis hasn’t hit immediately doesn’t mean commercial real estate pain isn’t coming.

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