AMERICAS DISTRESS DAILY: KIK Custom Seeks Liquidity Options

Centerbridge-backed KIK Custom Products Inc.’s bonds dropped after the cleaning-products maker informed investors that it was evaluating potential liquidity and capital options, according to people familiar with the matter.

• The closely held company made the comments to investors as part of the release of second-quarter results that showed a year-over-year revenue decline in the latest three-month period, said the people, who asked not to be identified discussing private results

In Other News:

• Some holders of Liberty Puerto Rico’s revolving credit facility are huddling with Guggenheim Partners and Cleary Gottlieb Steen & Hamilton as its parent company weighs a possible separation ...