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