Bankruptcy & Restructuring News Headlines for Thursday Jul 16, 2020

Here's what we are reading this morning:

Denbury Resources Inc. elected not to make $3 million interest payment due on July 15, 2020 in order to evaluate certain strategic alternatives

Knotel's growth strategy may explain why it can't pay rent - Business Insider

NYU's Edward Altman Z-Score Founder Sees Bankruptcy Surge - Bloomberg

J.C. Penney gets more time from lenders in push for survival

A Media Critic Focuses on the Crisis in Local News - The New York Times

PVH to close Heritage Brands stores (Izod, Van Heusen and Warner's), cut 450 jobs | Retail Dive

JC Penney cuts 1,000 jobs as it closes stores

Paul Page (WSJ): "Combined container imports into the ports of Los Angeles and Long Beach were -8% in June, down about 58,000 containers from a year ago."

Boyd Gaming lays off at least 2,500 Las Vegas employees | KSNV

Cirque du Soleil Said to Accept Lenders’ Bid, Sidelining TPG - Bloomberg

Lending Discrimination within the Paycheck Protection Program » NCRC

German Fitness Chain RSG Wins Gold’s Gym Bankruptcy Auction - WSJ

David Shepardson (Reuters): "Breaking: American Air sending WARN notices to nearly 25,000 employees"

American Airlines Plans to Furlough Up to 25,000 Workers This Fall - WSJ

Chapter 11 filing expected from Briggs & Stratton, analysts say - Milwaukee Business Journal

Briggs & Stratton Current Report - entry into material agreement, interest payment default, cleansing material disclosures

Valaris skips two bond payments, says in restructuring talks

California Resources Corporation Agrees on Comprehensive Balance Sheet Restructuring with Key Creditors

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