Retailer Sports Authority Abandons Reorganization

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-NO201_0414sp_P_20160414133501.jpg" J="//si.wsj.net/public/resources/images/BN-NO201_0414sp_J_20160414133501.jpg" M="//si.wsj.net/public/resources/images/BN-NO201_0414sp_M_20160414133501.jpg" credit="Getty Images" placement="Inline" suppressEnlarge="false" ]

Sporting-goods retailer Sports Authority is abandoning its reorganization and instead will liquidate, Daily Bankruptcy Review reports in The Wall Street Journal.

 (Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

Caesars Entertainment Operating Co. and its nonbankupt parent made a settlement offer with a group of bondholders to try to move the operating unit’s chapter 11 case ahead. WSJ has the DBR article here.

Linn Energy LLC completed its first exchange offer with shareholders, DBR reports via WSJ.

Reuters reports on the sale of SunEdison Inc.’s Chile assets to Chile power company Colbun.

The Associated Press reports that House Majority Leader Kevin McCarthy said Congress won’t act to help Puerto Rico before bond payments come due next week.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa