Gaurav Sharma(高和）

Saks interest payment was due yesterday, anyone know if they paid it?

@Saks Global Chairman Richard Baker has called bankruptcy news reports "unsettling" after @OctusCredit reported on Dec. 19 that the luxury retailer was considering a bankruptcy filing. In an emailed statement, Baker says Saks "is exploring all potential paths."

Not the holiday sparkle Saks wanted 🎁 The luxury department store is preparing a DIP loan ahead of a possible Chapter 11 bankruptcy,with a $100M+ interest payment looming at month-end. Read more at @octus

Self driving car tech company Luminar Technologies missed interest payment last week, indicating a likely liquidity shortfall, potential restructuring ahead, per sources. $LAZR

Ryan Dahl of Ropes & Gray is joining Latham & Watkins, per sources. Dahl was engaged in some of the biggest LME/rx deals. The move follows major changes in Latham’s rx/special sit practice, as Ray Schrock, Andrew Parlen and John Sobolewski joined the firm with leadership roles.

Despite a recent debt restructuring, luxury retailer Saks Global remains under strain. The company's EBITDA loss swelled to $77M as revenue slid 13% in Q2. #SAKS

@OctusCredit reported last week that Xerox hired Kirkland & Ellis as legal adviser as $4.4B debt, tariff hits & falling printer demand weigh on earnings while it integrates the $1.5B Lexmark deal.

Office Properties Income Trust’s chapter 11 bankruptcy consideration was reported by @tsgaurav and myself a month ago for @OctusCredit $OPI

@AdityaRajKaul Ass-sniff Muneer

Pakistan Army Chief General Asim Munir has been promoted as the Field Marshall by Federal Government. He will be the first Army Chief to receive the honour in World History for losing a military confrontation with India and hiding inside a bunker while explosions rocked Airbases.

@SpiritAirlines is weighing bankruptcy. Just to keep the record straight it was team @Reorg— Patrick Fitzgerald, @harvardzhang, Geoff Burrows and I— that had the #scoop.

Wheel Pros / Hoonigan has filed for a quick prepack chapter 11 to cut debt. @tsgaurav, Geoff, @PFitzNews and I reported last month on the bankruptcy preparation, citing sources. The restructuring marks the first in-court process of a previous double-dip LME sit in recent memory.

Bopanna and Enden are 🔥 so far! #USOpen2024

Del Monte Foods executed a dropdown + priming liability management deal, @tsgaurav and I reported earlier this week citing sources

#Scoop with @harvardzhang Clearlake-backed Wellpet moved assets away from lenders and then sold them to United Petfood for $57.5 million.

Still buzzing from the World Trade Center watch party! We did it, India! ❤️ 🇮🇳 #ChakDeIndia #BleedBlue

@MichaelKugelman Half-mast in Pakistan

We did it!! We really did it! We took down Pakistan. Wow!! #USAvPAK

@Knightlegcap 😆

Me trying to stop Apollo from moving my collateral to an unrestricted subsidiary

Telecom hardware/software provider Casa Systems filed for bankruptcy for sale. @tsgaurav and I reported in February on the chapter 11 preparation for @Reorg, citing sources $CASA

.@tsgaurav promoted to senior reporter at @reorg: talkingbiznews.com/media-news/reo…

Power of Reorg!