Bankruptcy & Restructuring News Headlines for Monday Oct 9, 2023

Here's what we are reading this morning:

Troubled Petmate Nears $100 Million Loan From Owner Platinum Equity - WSJ: Platinum Equity is nearing an agreement to put an extra $100 million into Petmate to help its portfolio company avert a default, according to people familiar with the situation. 

Anthropic's Growing Value Is a 'Fantastic Turn of Events' For FTX Creditors: 117 Partners CEO | Video | CoinDesk: OpenAI rival Anthropic's growing value is sparking hope for some FTX creditors that they will be made whole. FTX and Alameda Research previously invested $500M in the startup, according to Bloomberg. 117 Partners CEO and founder Thomas Braziel discusses what this means for the FTX ecosystem as Sam Bankman-Fried's trial is underway.

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