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