Central Grocers in talks to sell some stores to strategic

Central Grocers is in talk to sell 22 of its Strack & Van Til grocery stores to supermarket giant Albertson’s, according to two sources familiar with the matter. The distressed grocer has been exploring restructuring and strategic alternatives, including a sale of its retail grocery chains. Management is working with advisors from Conway Mackenzie along…

PODCAST: Puerto Rico, Westinghouse, Illinois and pensions in The Muni Lowdown

In the inaugural podcast of The Muni Lowdown, Debtwire Municipals’ Paul Greaves, Seth Brumby, Greg Clark and Maryellen Tighe bring you a short recap of the week’s news in municipal bonds. This week they talk about the latest in Puerto Rico’s restructuring, what the Westinghouse Chapter 11 means for municipal bondholders, credit concerns for the…

POST EVENT: What Westinghouse’s bankruptcy means for municipal power partners

Debtwire Municipals with Debtwire North America hosted a webinar this morning on what the Westinghouse bankruptcy means for municipal issuers Municipal Electric Authority of Georgia (MEAG) and South Carolina Public Service Authority (Santee Cooper). Our team discussed how Westinghouse got where it is, and how the contractor and its utility counterparties might move forward to…

Arhaus engages CRO for workout efforts

Arhaus LLC has appointed GlassRatner Advisory & Capital Group as chief restructuring officer, two sources close to the situation said. This complements the co-advisory roles of Piper Jaffray and Candlewood Partners to explore a refinancing. The Ohio-based furniture maker has 60-plus stores nationwide and also sells high-end wares online. It has been facing account receivable issues on delinquent…

PODCAST: M-III Partners and Cooley highlight key UCC retail restructuring strategies

M-III Partners’ Ken Simon and Daniel Allan, along with Cooley’s Jay Indyke and Cathy Hershcopf, recently joined Debtwire legal analyst Richard Goldman to discuss the ins and outs of representing an unsecured creditors’ committee in a retail restructuring. During their conversation, the turnaround experts break down various legal and financial issues that they typically encounter when representing retail UCCs, as well as the tactics they…

KabaFusion CEO talks reimbursement cuts to home infusion providers-Middle Market Junction Podcast

In this month’s Middle Market Junction podcast Dr. Sohail Masood, founder and CEO of KabaFusion Holdings, a home infusion services provider, sits down with Bill Weisbrod of Debtwire Middle Market to discuss the impact the 21st Century Cures Act will have on his company. KabaFusion, which was recapitalized by BBH Capital Partners in 2014, is one of multiple home…

COURT: Appeals panel grills Patriarch lawyer over ‘sordid mess’ that led to conviction of US Army colonel

Lynn Tilton, her Patriarch Partners firm and its MD Helicopters portfolio company are awaiting an appeals court ruling on whether a whistleblower lawsuit can proceed against them. The ordeal, which led to the conviction of a US Army colonel, centers on a narrow legal dispute over whether MD violated the federal False Claims Act when it negotiated a series…

PODCAST: Kramer Levin’s Adam Rogoff and Anupama Yerramalli discuss the ins and outs of healthcare restructurings

Kramer Levin partner Adam Rogoff and special counsel Anupama Yerramalli recently joined Debtwire legal analyst Richard Goldman to discuss the distressed state of US healthcare providers. During their conversation, the legal experts addressed the market and regulatory factors contributing to the healthcare industry’s current spate of distress; unique Bankruptcy Code provisions that govern healthcare and not-for-profit reorganizations; the legal, operating and regulatory considerations that…

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