Bankruptcy & Restructuring News Headlines for Wednesday Aug 4, 2021

Here's what we are reading this morning:

Future of business travel post ̶ COVID-19 | Deloitte Insights: How will the nature of corporate travel change over the next few years? How should businesses and travel providers pivot to function in the new normal?

Westfield’s Shrinking Mall Portfolio Shows Industry Divide - WSJ: U.S. operators seek to shed the shopping centers whose values have slid in an effort to reduce debt.

Apartment Rents Increase as Young Workers Head Back to Cities - WSJ: Landlord stocks are up big this year, as the rental market exceeds expectations in places like Atlanta.

Marriott Reports Jump in Lodging Demand as Tourism Recovers - The New York Times: Global occupancy grew to 51 percent in the second quarter, the hotel company said, and guests are combining their business and leisure travel.

Shale Drillers Leave $12 Billion on Table With Bad Oil Bets - Bloomberg: Of the 50 U.S. drillers surveyed by BNEF, Devon Energy Corp., Pioneer Natural Resources Co. and Diamondback Energy Inc. are on track to rack up the steepest losses, with more than $1 billion in underwater hedges apiece. It’s the sector’s worst hedging performance in records dating back to mid-2017. The group as a whole hedged almost one-third of estimated 2021 output and the practical impact is that they are locked in to reap about $5 less than the American benchmark crude, West Texas Intermediate.

American Household Debt Jumps Most Since 2013 on Mortgage Boom - Bloomberg: U.S. household debt rose at the fastest pace since 2013 in the second quarter, driven by a mortgage boom as Americans took advantage of low borrowing costs and sought more space to work from home. Household liabilities climbed $313 billion to $14.96 trillion as of the end of June, a 2.1% rise from three months earlier, the Federal Reserve Bank of New York said in a report published Tuesday.

Alpha Latam's DIP Loan Near Collapse At 11th Hour - Law360: A last-minute bankruptcy funding impasse sidetracked on Tuesday the start of a Chapter 11 filed in Delaware by Miami-based Alpha Latam Management LLC, with an attorney for the debtors branding the eleventh-hour breakdown "outrageous."

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