Bankruptcy & Restructuring News Headlines for Thursday Aug 5, 2021

Here's what we are reading this morning:

Defaulted California Plant Turns to Burned Muni Holders for Cash - Bloomberg: In the heart of California’s rice country, a project that dealt municipal-bond investors one of the biggest high-yield defaults of the past decade is about to ask them for more cash. And there’s every reason to expect burned debtholders to go along.

Macy's wipes away $1.3B in debt | Retail Dive: The department store is getting its financial house in order, but has more work to do if it's to sustain its recovery, analysts say.

SVPGlobal Closes Strategic Value Special Situations Fund V at $5 Billion Hard Cap: This fund closing, when combined with SVPGlobal's existing portfolios and other fund raises, including last summer's approximately $1.7 billion Dislocation Fund, has increased SVPGlobal's total assets under management to more than $17.5 billion.

U.S. Bankruptcy Judge Vacancy, Northern District of Texas at Dallas: The U.S. Court of Appeals for the Fifth Circuit seeks applications from all highly qualified candidates for a 14-year appointment as a United States Bankruptcy Judge for the Northern District of Texas at Dallas

Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Triggering Events That Accelerate or Increase a Direct Financial Obligation (Item 2.04) for the Week Ended Wednesday Aug 4, 2021:

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