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Bankruptcy & Restructuring News Headlines for Wednesday Jul 29, 2020

July 29, 2020

Here's what we are reading this morning:

Revel Suspends New York City Service After 2nd Rider Killed In Queens Crash – CBS New York

Harvard Zhang on Twitter: "iQor’s expected chapter 11 contemplates 1L lenders providing DIP, receiving >90% new equity, takeback paper, per people familiar with the matter #bankruptcy"

Coronavirus: Shoppers still wary to return to malls, travel

Tracking the Growing Wave of Oil & Gas Bankruptcies in 2020

Malls Seek to Evolve as the Pandemic Hastens a Retail Overhaul - The New York Times

Spartan Race, which earlier this year acquired Tough Mudder out of bankruptcy, today announced the cancellation of all remaining 2020 events in the United States

Tailored Brands says bankruptcy 'likely' | Retail Dive

Victoria's Secret parent L Brands (LB) to cut 15% of corporate jobs

Kris Van Cleave: "@CBSNews has obtained @SpiritAirlines CEO memo: “the demand increase we saw in June was an outlier, and the downward trend will continue,” wrote Christie. Spirit has burned $700M so far & expects to burn $100M+ a month. “This level of cash burn is not sustainable.”




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