restructuring

New York – October 15, 2026 -- The Ad Hoc Group of Term Lenders to Leslie's, Inc. intends to appoint Steven L. Ortega as chief executive officer of the pool and spa care retailer once it emerges from chapter 11 proceedings.

Leslie's describes itself as the largest direct-to-consumer brand in the U.S. pool and spa care industry. Ortega will advise the lender group and sit on a transformation committee for the duration of the bankruptcy case. The committee will advise on strategy and turnaround priorities.

Ortega returns after nearly two decades of senior roles at Leslie's

Ortega previously worked at Leslie's for almost 20 years. He served as chief financial officer, chief operating officer, president and CEO, and later as chairman of the board of directors.

Bad Homburg, Germany – September 25, 2026 -- Fresenius Medical Care will exit its peritoneal dialysis business in China and discontinue local production and sales of its 4008A hemodialysis system, triggering one-time costs of approximately €110 million in the third quarter of 2026.

The charge, tied to impairment, scrappage and termination costs, will be treated as a special item and is not expected to meaningfully affect the future revenue outlook for the China business within the Company's Care Enablement segment.

China accounts for 6-7% of Care Enablement segment revenue

Fresenius Medical Care has operated in China for more than two decades, a market the Company says offers long-term growth tied to rising chronic kidney disease prevalence and expanding dialysis care.

Oak Brook – September 23, 2026 -- UPG Enterprises LLC has filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Northern District of Illinois, securing up to $6.1 million in debtor-in-possession financing from Firehorse Capital LLC to fund continued operations during a court-supervised sale process.

UPG targets a 60-day sale timeline under Section 363 of the Bankruptcy Code

The industrial operator, which runs steel processing, manufacturing, distribution and logistics businesses across more than twenty North American locations, is marketing its assets to multiple interested parties and expects the Chapter 11 filing to attract additional bidders. Chief Restructuring Officer John Sordillo said the process is designed to maximize value through going-concern sales while preserving relationships with customers, employees and partners.

Austin, Texas – – September 07, 2026 -- The U.S. Bankruptcy Court for the Southern District of Texas has confirmed TPx's Plan of Reorganization, clearing the managed services provider to emerge from Chapter 11 with a lighter debt load and fresh capital access.

Court confirmation sets up new ownership structure for TPx

Under the confirmed Plan, a group of investors comprising TPx's existing lenders and its equity sponsor will become the company's new owners once regulatory approvals and customary closing conditions are satisfied. The group will also provide new financing, leaving TPx well capitalized upon emergence.