Bankruptcy & Restructuring News Headlines for Tuesday Mar 5, 2024

Here's what we are reading this morning:

Some NYCB deposits may be at risk after another Moody’s downgrade: Moody's slashed one of New York Community Bank's key ratings for the second time in a month.

Paramount may return two of its downtown San Francisco office properties to lenders as debt maturities loom - San Francisco Business Times: Paramount acquired both properties in 2019, near the peak of San Francisco's prepandemic market. Executives said there was "a strong possibility" the assets would not remain in Paramount's portfolio.

BowFlex Inc. Files for Voluntary Chapter 11 Protection and Reaches Stalking Horse Agreement to Facilitate Sale | Business Wire: In order to facilitate the sale process, the Company and certain of its subsidiaries have voluntarily initiated a Chapter 11 proceeding in the United States Bankruptcy Court for the District of New Jersey





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