BANKRUPTCY
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Blackstone’s Service King Conserves Cash to Weather Traffic Slowdown
Blackstone’s Service King has begun to skip cash interest payments and tapped a line of credit as it faces the continued effects of higher costs and a decline in U.S. driving during the Covid-19 pandemic
J&J Overcomes Another Bid to Block Possible Talc Bankruptcy
A New Jersey judge refused to prevent Johnson & Johnson from separating injury liabilities linked to its talcum-based baby powder from the rest of its business, the second time ovarian cancer claimants have failed to stop J&J from potentially placing thousands of talc-related claims in chapter 11 bankruptcy.
Judge Questions Decisive Vote on J&J Talc Supplier’s Bankruptcy Plan
A bankruptcy judge raised concerns about more than 15,700 votes cast in favor of a former Johnson & Johnson talc supplier’s bankruptcy plan and whether a personal injury lawyer knew which of his clients may have actually been exposed to the company’s allegedly dangerous products.
Boy Scouts Press Ahead With Chapter 11 Bankruptcy Plan
The Boy Scouts of America is pushing forward with a plan to exit bankruptcy that includes nearly $1.9 billion in cash for sex-abuse survivors, overcoming advocates for some victims who sought to pause the youth group’s efforts and who also want to propose their preferred compensation program.
MORE NEWS
Driller Tenrgys Files for Bankruptcy, Blaming Soured Lender Deal
Honeywell at Odds With Asbestos Trust Over Bankruptcy Deal
Staffing and Trucking Industry Lender Flexible Funding Files for Bankruptcy
DISTRESS
How Bankruptcy Could Help Johnson & Johnson Corral Vast Talc Litigation
J&J Injury Claimants Fail to Prevent Potential Talc Bankruptcy
Boxing Match Promoted by YouTube Star Austin McBroom Spurs Lawsuits After Flop
HIGH YIELD
Firm Retention Summary: Seadrill Partners LLC
High Yield Bond Ratings - Two Weeks Ending Feb. 18, 2021
Teck Resources Hit by Lower Commodity Demand
FUNDS
MatlinPatterson Puts Two Funds in Bankruptcy to Fend Off Foreign Litigation
Connecticut Pension Ramps Up Private Credit Commitments
Highland Capital Management Files for Bankruptcy
NEWSLETTERS
Daily Briefing: J&J Beats Injury Lawyers on Talc Bankruptcy; Judge Questions Talc Supplier's Chapter 11 Vote
Tuesday, September 21st
Daily Briefing: Honeywell Fights Asbestos Trust; Business Lender Files Chapter 11
Monday, September 20th
Daily Briefing: Junk Debt on Way to Record Year; Theranos Trial Supplies New Details
INVESTORS
Kirkland & Ellis Resigns From Travelport Over Disputed $1 Billion Debt Deal
Embattled Energy Companies Snub Creditors to Conserve Cash
Sanchez Energy Bankruptcy Lenders Strike Deal to Take Over Company
INTERNATIONAL
Thai Budget Carrier Nok Air Files for Bankruptcy Protection
Argentina Sends Final Offer to Bondholders on Debt Restructuring
Royal Caribbean, Cruises Investment Holding to Restructure Spanish Cruise Line
DATA & INTERACTIVES
Biggest gainers and losers among high-yield bonds and widely-quoted syndicated loans.
High-Yield Bonds
BOND% CHANGE
ALLEN MEDIA, LLC 10.5% due 02/15/284.708%
HCA Inc. 7.5% due 11/15/95-2.63%
Leveraged Loans
LOAN% CHANGE
Coty 3/18 (USD) Cov-Lite TLB2.2%
Berlys/Bellsola 2/18 TLB1-1.68%
Source: IHS Markit
FULL TABLE 
Firm Retention Summary: Tenrgys LLC
New Chapter 11 Bankruptcy Filings - Week Ending Sept. 19, 2021
Firm Retention Summary: Sequential Brands Group Inc.
Pro Bankruptcy Briefing: U.S. Bankruptcy Monitors Fight Sackler Family Deal; GPB Capital Founder Wants Talks
Firm Retention Summary: ABC Carpet & Home
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