§ Chapter 11 § Case No. 20-43597 BRIGGS & STRATTON ...

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1 UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF MISSOURI SOUTHEASTERN DIVISION § Chapter 11 In re: § § Case No. 20-43597 BRIGGS & STRATTON § CORPORATION, et al., § (Jointly Administered) § Debtors. 1 § § § § CERTIFICATE OF PUBLICATION I, Angela M. Nguyen, depose and say that I am employed by Kurtzman Carson Consultants LLC (“KCC”), the claims and noticing agent for the Debtors in the above-captioned case. On July 23, 2020, the Notice of Interim Order Establishing Notification Procedures and Approving Restrictions on Certain Transfers of Interests in the Debtors, as conformed for publication, was submitted to Bloomberg Professional Services for potential publication and was published on July 27, 2020 in The Wall Street Journal, National Edition, as described in the sworn statement attached hereto as Exhibit A. Dated: July 30, 2020 /s/ Angela M. Nguyen Angela M. Nguyen KCC 222 N Pacific Coast Highway, 3rd Floor El Segundo, CA 90245 Tel 310.823.9000 1 The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification number are: Briggs & Stratton Corporation (2330), Billy Goat Industries, Inc. (4442), Allmand Bros., Inc. (4710), Briggs & Stratton International, Inc. (9957), and Briggs & Stratton Tech, LLC (2102). The address of the Debtors’ corporate headquarters is 12301 West Wirth Street, Wauwatosa, Wisconsin 53222. Case 20-43597 Doc 246 Filed 07/30/20 Entered 07/30/20 16:30:12 Main Document Pg 1 of 4

Transcript of § Chapter 11 § Case No. 20-43597 BRIGGS & STRATTON ...

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UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF MISSOURI

SOUTHEASTERN DIVISION

§ Chapter 11 In re: § § Case No. 20-43597 BRIGGS & STRATTON § CORPORATION, et al., § (Jointly Administered) § Debtors.1 §

§ § §

CERTIFICATE OF PUBLICATION

I, Angela M. Nguyen, depose and say that I am employed by Kurtzman Carson Consultants LLC (“KCC”), the claims and noticing agent for the Debtors in the above-captioned case.

On July 23, 2020, the Notice of Interim Order Establishing Notification Procedures and Approving Restrictions on Certain Transfers of Interests in the Debtors, as conformed for publication, was submitted to Bloomberg Professional Services for potential publication and was published on July 27, 2020 in The Wall Street Journal, National Edition, as described in the sworn statement attached hereto as Exhibit A.

Dated: July 30, 2020 /s/ Angela M. Nguyen Angela M. Nguyen KCC 222 N Pacific Coast Highway, 3rd Floor El Segundo, CA 90245 Tel 310.823.9000

1 The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification

number are: Briggs & Stratton Corporation (2330), Billy Goat Industries, Inc. (4442), Allmand Bros., Inc. (4710), Briggs & Stratton International, Inc. (9957), and Briggs & Stratton Tech, LLC (2102). The address of the Debtors’ corporate headquarters is 12301 West Wirth Street, Wauwatosa, Wisconsin 53222.

Case 20-43597 Doc 246 Filed 07/30/20 Entered 07/30/20 16:30:12 Main Document Pg 1 of 4

¨2¤$C¢4'> ,{«
2043597200730000000000012
Docket #0246 Date Filed: 07/30/2020

Exhibit A

Case 20-43597 Doc 246 Filed 07/30/20 Entered 07/30/20 16:30:12 Main Document Pg 2 of 4

) ss:

STATE OF NEW JERSEY )

_____________________________________

_____________________________________Notary Public

CITY OF MONMOUTH JUNCTION, in the COUNTY OF MIDDLESEX )

I, Andrew Introne, being duly sworn, depose and say that I am the Advertising Clerk of the

Publisher of THE WALL STREET JOURNAL, a daily national newspaper of general circulation

throughout the United States, and that the notice attached to this Affidavit has been regularly

published in THE WALL STREET JOURNAL for National distribution for

1 insertion(s) on the following date(s): JUL-27-2020

ADVERTISER: Briggs & Stratton Corporation;

and that the foregoing statements are true and correct to the best of my knowledge.

AFFIDAVIT

Sworn to before me this 27 day of July

2020

Case 20-43597 Doc 246 Filed 07/30/20 Entered 07/30/20 16:30:12 Main Document Pg 3 of 4

THEWALL STREET JOURNAL. * * Monday, July 27, 2020 | B3

tend with new requirementsand restrictions. Many ship-ping customers require driversto wear masks or not to leavetheir vehicles at all when pick-ing up or dropping off freight.Temperature checks are com-mon, and some customers askdrivers to sign health affida-vits.

Natso, a trade group for thetravel plaza and truck-stop in-dustry, urged operators na-tionwide to require customersto wear face masks, saying apatchwork of varying local re-

quirements was confusing fortruck drivers and travelers.

“While we understand thatthere is disagreement aboutwhether to mask, we are urg-ing members to follow the ad-vice of medical experts, in-cluding the [Centers forDisease Control and Preven-tion],” Natso Chief ExecutiveLisa Mullings said. “We havea patriotic duty to guard thehealth of our employees andcustomers and believe this isan easy way to get the U.S.economy moving during this

unprecedented global pan-demic.”

Love’s and Pilot said thenew policies are intended toprotect workers, customersand truck drivers from thecoronavirus, and that custom-ers can buy masks at their fa-cilities if they don’t alreadyhave one. “For professionaldrivers that do not have a facecovering, we offer them forpurchase and are working tomake them available upon re-quest as supplies last,” Pilotsaid.

was swift and severe, muchworse than anticipated,” Halli-burton Co. Chief ExecutiveJeffrey Miller said on the com-pany’s conference call Monday.Halliburton, one of the largestsuppliers of U.S. oil equip-ment, recorded a second-quar-ter loss of $1.68 billion.

Meanwhile, weaknessamong auto companies, ap-parel retailers, and hotels andrestaurants are weighing onthe consumer-discretionarysector. Results from airlinecompanies are damping the in-dustrials sector.

Revenue is on track to de-crease 10% year-over-year,also based on actual resultsand estimates for those com-panies yet to report, FactSetsaid.

Among the notable compa-nies expected to report thisweek are grocery-chain opera-tor Albertsons Cos. on Mon-day; and 3M Co., Pfizer Inc.,McDonald’s Corp. and Star-bucks Corp. on Tuesday. Boe-ing Co., Facebook Inc., Gen-eral Electric Co. and GeneralMotors Co. are scheduled onWednesday.

Thursday is a huge day withreports from tech heavy-weights Apple Inc., Ama-zon.com Inc. and Google par-ent Alphabet Inc. The day alsoincludes updates from Com-cast Corp., Procter & GambleCo., Ford Motor Co. andUnited Parcel Service Inc.

The week ends with WallStreet hearing on Friday fromCaterpillar Inc., Merck & Co.,and energy giants Exxon Mo-bil Corp. and Chevron Corp.

More than a third of theS&P 500 are expected to re-port their quarterly resultsthis week, providing investorswith a fuller picture of thecoronavirus pandemic’s impacton U.S. businesses.

The companies giving fi-nancial updates this week in-clude some of the biggestnames in the technology, auto-motive and food industries.Specifically, 192 S&P 500 com-panies and 12 members of theDow Jones Industrial Averageare scheduled to report resultsfor the latest quarter, accord-ing to FactSet.

So far, about a quarter ofthe companies in the S&P 500have reported their quarterlyresults. Earnings are on trackto fall 42.4% year-over-yearfor the quarter, based on ac-tual results and estimates forthose companies yet to report,FactSet said, and that declinewould be the largest such dropsince declining 69% in thefourth quarter of 2008.

“On the plus side, the re-sults thus far have been muchbetter than expected,” J.P.Morgan analyst Mislav Mate-jka said in a research report,noting that more than four-fifths of the companies havesurpassed analyst estimates.

Energy is the worst-per-forming sector by earnings asthe pandemic and ensuingglobal economic shutdownslammed crude-oil prices andreduced U.S. shale production.

“The global activity col-lapse in the second quarter

BY GEORGE STAHL

Earnings to Give PeekInto Pandemic Effects

BUSINESS NEWS

The biggest U.S. truck-stopoperators will require custom-ers to wear masks startingnext week, joining major re-tailers, restaurants and air-lines in rolling out policiesaimed at reducing the spreadof coronavirus.

The rules cover more than1,500 facilities across trans-portation routes where truck-ers buy fuel, supplies andfood.

Pilot Co., which operates780 travel centers under thePilot Flying J and otherbrands, said its mandate willtake effect July 28. Similarpolicies kick in July 29 atLove’s Travel Stops & Coun-try Stores Inc. and Travel-Centers of America Inc. sites.

Big companies includingMcDonald’s Corp., WalmartInc. and Kroger Co. are settingmask rules as Covid-19 casessurge across the U.S. The poli-cies go beyond some local andstate requirements and comeas masks continue to spark de-bate among some Americansdespite the growing medicaland scientific consensus thatfacial coverings help preventtransmission.

The coronavirus has madelife on the road more challeng-ing for truckers as they con-

BY JENNIFER SMITH

Truck Stops Require MasksChange will affect1,500 fueling and foodsites across U.S.transport routes

The coronavirus has made life on the road more challenging for truckers amid new rules.

CARO

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The best- andworst-performing S&P 500 sectors inthe second quarter of 2020, change from a year earlier.*

Source: FactSet

*Based on companies that have reported as of Friday as well as the estimates of companiesthat have yet to report. †Up 0.7% ‡Up 0.5% **Utilities earnings are up 0.9%.

S&P 500

Energy

Consumerdiscretionary

Industrials

Informationtechnology

Health care

Utilities**

-150 -100 -50 0%

Earnings

S&P 500

Energy

Industrials

Consumerdiscretionary

Utilities‡

Informationtechnology†

Health care

-40 -20 0%

Revenue

Rush Street Interactive’srevenue is up this year as thecoronavirus pandemic has keptpeople away from traditionalcasinos and betting facilitiesand instead led many gamblersto turn to online markets.

Blank-check companies havebeen around for years, but inrecent months, bigger, brand-name companies have beentapping them for their initialpublic offerings as the broadermarket for new listings hassurged after the pandemic ini-tially crimped activity.

Last year, Virgin Galactic,Richard Branson’s space-tour-ism venture, surprised inves-tors and traders when it agreedto go public through a blank-check company. This month,health-care-services providerMultiPlan Inc. said it wasmerging with one in the big-gest such deal ever, at $11 bil-lion.

Other companies are sure tofollow, as new SPACs arelaunching at a fast clip. Lastweek, hedge-fund billionaireWilliam Ackman raised $4 bil-lion in the largest-ever SPACoffering. The goal, according toa regulatory filing, is to use themoney to bring a large privatecompany public—potentially a“mature unicorn” valued at bil-lions in the private market.

The Rush Street Interactivedeal will be paid for using theblank-check company’s $230million on hand as well as anadditional $160 million frominstitutional investors that in-clude Fidelity Investments,the people said.

After the transaction, RushStreet Interactive will be a pub-licly traded company with anenterprise value of $1.8 billion.

Rush Street Interactive LPhas agreed to go public via amerger with a blank-checkcompany that will value the on-line sports-and-casino bettingcompany at $1.8 billion includ-ing debt, people familiar withthe matter said.

Chicago-based Rush StreetInteractive and special-purposeacquisition company dMYTechnology Group Inc. are setto announce their merger Mon-day, the people said, makingthem the latest to join thefrenzy of special-acquisitioncompany, or SPAC, deal activ-ity.

Blank-check companies likedMY Technology Group raisemoney by going public andthen have a set period, usuallytwo years, to hunt for an acqui-sition target. It went publicthis year.

Any SPAC merger is subjectto shareholder approval.

Rush Street Interactive wasfounded in 2012 and has grownto be an online-gambling giant.It differs from competitorDraftKings Inc., which is mainlyknown for online sports bet-ting. DraftKings also recentlychose to go public via a blank-check company.

While Rush Street Interac-tive operates in only legal andregulated markets, including Il-linois, New Jersey and Pennsyl-vania, as other states opentheir borders to online gam-bling and sports betting it isset to expand into those mar-kets as well. The company hasalso launched legal onlinesports betting in Latin Amer-ica.

BY CORRIE DRIEBUSCHAND ALEXANDER OSIPOVICH

Online Bets FirmTo Go Public in$1.8 Billion Deal

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Case 20-43597 Doc 246 Filed 07/30/20 Entered 07/30/20 16:30:12 Main Document Pg 4 of 4