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First Brands Group Gets Risky $1.1 Billion Loan To Stay Alive Amid Bankruptcy

The First Brands bankruptcy announcement surprised pretty much everyone not directly in the loop about the conglomerate's financial standing. Most people didn't even know First Brands existed until ...
Morningstar

First Brands Group Secures Court Approval for Immediate Access to Full $1.1 Billion in Debtor-in-Possession Financing to Advance Restructuring

First Brands Group, LLC (“First Brands” or the “Company”), a leading global supplier of aftermarket automotive parts, today announced that it has received final approval from the U.S. Bankruptcy Court ...
Bloomberg L.P.

First Brands’ Loans Drop After Finance Units File Bankruptcy

A bankruptcy filing from a group of companies related to ailing First Brands Group LLC triggered another drop in the value of the auto-parts suppliers’ loans. First Brands’ term loan due in 2027 fell ...
Bloomberg L.P.

The First Brands Disaster Began With Business as Usual

When aftermarket auto parts supplier First Brands Group filed for bankruptcy on Sunday, detailing several billion dollars of financing related to invoices and inventory, my immediate reaction was: not ...
Morningstar

First Brands Group Initiates Voluntary U.S. Chapter 11 Cases to Stabilize Financial Position and Facilitate Value-Maximizing Transaction

Company to continue delivering best-in-class aftermarket automotive technology and engineering capabilities that meet the evolving needs of its global customer base First Brands Group, LLC (“First ...
Transport Topics

First Brands Lenders Allege ‘Widespread Fraud’ in Filing

[Stay on top of transportation news: Get TTNews in your inbox.] A group of First Brands lenders have accused the auto parts supplier of “widespread fraud” and are seeking to end part of the auto parts ...