Bankruptcy & Restructuring News Headlines for Thursday Jul 20, 2023

Here's what we are reading this morning:

Carvana, Used Car Dealer, Reaches Deal to Restructure Debt - The New York Times: Most of the company’s bondholders have agreed to accept bonds that are worth less than what they were owed but that are secured against real estate and other assets.

Alex Mashinsky, Celsius ‘Master Marketer,’ Peddled Crypto Hope and Hype - Bloomberg: DOJ says former Celsius head led scheme to defraud customers; he had a ‘mystique’ that drew people in, say industry watchers

Serta Simmons’ Super Priority Debt Fight Begins at Fifth Circuit: Apollo Global Management Inc. and other creditors of Serta Simmons Bedding LLC asked the Fifth Circuit to reverse a bankruptcy court’s approval of a key piece of the mattress maker’s 2020 senior secured debt reconfiguration.

Bron, Indie Financer Behind ‘Joker’, Files For Bankruptcy – Deadline: Bron, the finance and production company that backed films including Joker, Licorice Pizza, Bombshell and Judas and the Black Messiah, has filed for bankruptcy, its co-founder Aaron J. Gilbert said.

FBI and New York Police Raid Sherry-Lehmann | Wine Spectator: Shortly after dawn on July 18, members of a New York-based joint FBI-NYPD major theft task force descended on Sherry-Lehmann, once the most renowned of Manhattan wine shops.

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