Bankruptcy & Restructuring News Headlines for Thursday Feb 3, 2022

Here's what we are reading this morning:

Chemical Firm TPC Misses Interest Payment as Restructuring Looms: TPC Group Inc. didn’t make interest payments due Feb. 1 on some of its debt as it huddles with creditors to discuss solutions for more than $1 billion of obligations.

Africa News: Kenya Air to Restructure Debt After Nationalization Plans Collapse - Bloomberg: Kenya Airways Plc has selected financial advisers at Seabury Securities to help the airline evaluate options to restructure its debt load, according to people with knowledge of the matter.

Party City gets an upgrade from Fitch as sales improve | Retail Dive: After a deeply challenging 2020, the party goods supplier is climbing out of a large hole, but it still has a long way to go. 

American Dream Mall Drains Reserves to Pay Muni Sales Tax Bonds - Bloomberg: American Dream, the $5 billion super mall in New Jersey’s Meadowlands, drained a reserve fund to make a bond payment as it struggles to attract shoppers and tenants with the pandemic set to begin its third year.

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