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Bankruptcy & Restructuring News Headlines for Tuesday Jun 16, 2020

June 16, 2020

Here's what we are reading this morning:

Mall Landlords, Authentic Said to Be in Talks to Buy J.C. Penney - Bloomberg

Helios and Matheson's Chapter 7 trustee has sued former @MoviePass execs: "[MoviePass]’s co-founder and former CEO, had forewarned the MP D&Os that their pricing model for an unlimited movie plan was unsustainable on all but a very short-term promotional basis."

Hertz Global Holdings, Inc. Prospectus Supplement

Pyxus International, Inc. Announces Comprehensive Agreement to Deleverage Balance Sheet and Position Company for Long-Term Growth

Banks Cut Shale Drillers’ Lifelines as Losses Mount - WSJ

Calfrac Announces Deferral of Interest Payment - Jun 15, 2020

California Resources extends forbearance agreement to 30 June

U.S. Trustee Program Extends Telephonic or Video Section 341 Meetings to Cases Filed Through October 10, 2020

Lands' End downgraded on refinancing uncertainty | Retail Dive

Town Sports Needs $80 Million to Fund Potential Bankruptcy Process - WSJ

The American Dream Mall Had Retail Problems Before Coronavirus. Now, They’re Worse.

Chesapeake Misses Interest Payment, Starts Bankruptcy Countdown - WSJ

Proteus Digital Health, once worth $1.5 billion, files for Chapter 11

Diocese of St. Cloud Formally Files for Chapter 11




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