Bankruptcy & Restructuring News Headlines for Thursday Mar 11, 2021

Here's what we are reading this morning:

American Air (AAL) Boosts Debt Sale to $10 Billion Amid Strong Demand - Bloomberg

The pandemic sped the shift to digital media - Axios

Art Van Workers Claim Victory After T.H. Lee Boosts Payouts - Bloomberg

The Office Sublease Glut in New York City and San Francisco

GameStop stock drops by 40% in 25 minutes

American Dream Lenders Likely to Seize Share of Other Mega Malls - Bloomberg

California theme parks won’t profit at 15% capacity. Here’s why they’ll reopen anyway - Los Angeles Times

Ryan Faughnder (LA Times): "AMC during its earnings call low-key disclosed it permanently shut down 60 theaters, including 48 domestically" / Twitter

Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Triggering Events That Accelerate or Increase a Direct Financial Obligation (Item 2.04) for the Week Ended Wednesday Mar 10, 2021

Rocket Confirmations Gain Traction – Duane Morris Business Reorganization and Financial Restructuring

From bankruptcy court filings today in the San Jose, CA Fairmont hotel bankruptcy: "The Hotel has had an average occupancy rate of 7.7% during the pandemic"

More from the San Jose Fairmont bankruptcy court filings: "Three business metrics commonly used to measure the health of a hotel are occupancy, average daily rate or 'ADR,' and revenue per available room or 'RevPAR.' These metrics for the Debtors’ Hotel illustrate the extraordinary business downturn suffered by Debtors" (View Chart in Link)

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