Chicken Soup for the Soul (CSSE) Seeks New Equity Amid Cash Crunch - Bloomberg: Chicken Soup for the Soul Entertainment Inc., the purveyor of self-help books and owner of DVD rental firm Redbox Entertainment Inc., is considering issuing new preferred equity among a range of options to stave off a cash crunch, according to people with knowledge of the matter.
Macy's Planned Closures Put $24B Of CMBS Debt In The Crosshairs: The retailer anchors at least 80 malls behind approximately $24B in CMBS loans, some of which are already in special servicing
Chicago suburb Dolton faces vehicle repossessions, murky finances | Bond Buyer: It's been two years since Dolton, Illinois, filed audited annual financials, and hints of fiscal stress include a threat to repossess police cruisers.
Spirit Air (SAVE) Bondholders Plot Strategy In Case of Carrier Losses - Bloomberg: Spirit Airlines Inc. bondholders, growing increasingly worried about the company’s ability to manage its more than $3 billion of borrowings, are mapping out a strategy that they think may insulate them from devastating losses in the event the air carrier can’t repay its obligations.
BlockFi, FTX Strike Global Deal To Settle Bankruptcy Disputes - Law360: Fallen cryptocurrency giants BlockFi Inc. and FTX have settled their wide-ranging feud, with BlockFi allowed claims for $874.5 million and FTX to lay claim to roughly $600 million worth of liquidated Robinhood shares, formally ending all disputes and litigation between the two companies.
