Utah Beverage Canning Co. Seeks Sale In Ch. 11 - Law360: A company that makes and fills beverage cans has filed for Chapter 11 protection in Utah bankruptcy court with $476 million in debt, saying COVID-19 caused delays in the opening of its Salt Lake City facility that left it with too little liquidity to continue.
Macy’s speeds up store closures to amp up turnaround | Retail Dive: By banner, Macy’s net sales fell 3.1%, with comps down 3%; Bloomingdale’s rose 1.4%, with comps up 1%; and Bluemercury rose 3.2%, with comps up 3.3%. The company now expects to shutter about 65 locations this year, up from the 55 or so it had estimated earlier in the year.
Liability Management Transactions Drive Down U.S. Recoveries in 2024: Fitch Ratings estimates a par-weighted average first-lien recovery of 39% for U.S. issuers emerging in 2024, down from 51% the year prior, according to a new Fitch report
Party City Mulls Second Bankruptcy, Just Over a Year After First - Bloomberg: Party City Holdco Inc. is considering options including a sale or another potential bankruptcy, just over a year after it emerged from Chapter 11, according to people with knowledge of the matter.
Platinum-Backed Aventiv Mulls Bankruptcy as Sale Date Ends: Platinum Equity-backed prison phone company Aventiv Technologies is inching closer to a bankruptcy filing after missing a deadline to sell itself, according to people with knowledge of the matter.
