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Bankruptcy & Restructuring News Headlines for Wednesday Aug 5, 2020

August 05, 2020

Here's what we are reading this morning:

Mallinckrodt May File for Bankruptcy, Undercutting Opioid Settlement

HighPoint Resources Corporation Warns of Risk of Covenant Breaches

Shale Driller Sells Gas Fields for 10th of What It Paid in 2016 - Bloomberg

Stacey Widlitz: "For $RL (June qtr) Covid shows full quarter of devastation. NA comps -64%, store comps -77% while digital only +3%. Wholesale down a jaw dropping 93%"

Virgin Atlantic Seeks Rescue Approval as Cash Running Out - Bloomberg

Virgin Atlantic declares bankruptcy as pandemic rips apart airlines - Business Insider

TNT Announces Agreement on Definitive Plan to Strengthen Balance Sheet

Knotel defaulted on its Manhattan rent at a building owned by Brooks Brothers CEO

Office Markets Under Pressure as Coronavirus Squeezes Cities - WSJ

One-Third of New York’s Small Businesses May Be Gone Forever - The New York Times

Small Business Credit Survey - FEDERAL RESERVE BANK of NEW YORK

The effects of COVID-19 are beginning to reach the tech industry - Axios




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