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UBER TECHNOLOGIES: S&P Rates New Unsecured Notes ‘CCC+’

S&P Global Ratings assigned its ‘CCC+’ issue-level rating with a ‘5′ recovery rating to San Francisco-based transportation-as-a-service provider Uber Technologies Inc.’s new unsecured notes. S&P also rates the company’s existing unsecured debt ‘CCC+’. Uber plans to use the proceeds for general corporate purposes. “Our ‘B-’ issuer credit rating and stable outlook are unchanged. Despite our…

GOODRICH QUALITY: Committee Taps Pachulski Stang, Dundon Advisers

The official committee of unsecured creditors of Goodrich Quality Theaters, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Michigan to retain Pachulski Stang Ziehl & Jones LLP as its counsel. The Committee requires Pachulski to: a. assist, advise and represent the Committee in its consultations with the Debtor regarding the…

FOX VALLEY PRO: Reorganization Plan Has Liquidation Option

Fox Valley Pro Basketball, Inc., submitted a Chapter 11 Plan and a Disclosure Statement. The COVID-19 Coronavirus Pandemic has hit the entertainment and sports businesses particularly hard, including the Debtor’s business. The Debtor suspended its operations in early March 2020. March and April 2020 were projected to be the Debtor’s first profitable months because it…