First Brands rescue loan tumbles in value as bankruptcy drags on

Debtor-in-possession loans, which have the highest claim on a bankrupt company’s assets, rarely trade below 100 cents on the ...
Crain's Detroit Business

First Brands hires former GM, auto parts executives amid bankruptcy turnaround effort

Bankrupt aftermarket auto parts supplier First Brands Group announced the hiring of three veteran automotive executives as it ...

First Brands Loan Hits 30 Cents as Fresh Rescue Seen as Critical

Days after First Brands Group collapsed into bankruptcy, Marathon Asset Management founder Bruce Richards laid out a plain case for a rescue loan: “Great company, bad balance sheet.” ...

Distressed Funds Snap Up First Brands’ Top Loans to Drive Debt Restructuring

King Street Capital and Mudrick Capital Management are among investors seizing opportunity in the rare and rapid price drop ...

First Brands financier says ‘a lot of people made a lot of money’ from bankrupt group

One of the largest middle men in First Brands’ financings has said that “a lot of people made a lot of money” lending to the ...

First Brands rushes to contain panic as loan plunges to 63 US cents

Analysts think recent investor sales of First Brands' debt signal concerns over company's ability to recover from bankruptcy ...
Crain's Detroit Business

First Brands’ business flails as customers don’t know who to pay

First Brands is now asking the judge overseeing its bankruptcy to set up a framework that will give comfort to clients that they can send money to the company without risk of double payment. Time is ...
Zacks Investment Research on MSN

SEC Scrutinizes Jefferies Over First Brands Disclosures

The U.S. Securities and Exchange Commission (SEC) is carrying out a probe into Jefferies Financial Group Inc. JEF over its ...

First Brands Rescue Loans Tumble on New Business Fears

The auto supplier’s bankruptcy loans have fallen in value as concerns heighten about its path to a restructuring.

First Brands Faces New Call for Outside Trustee to Manage SPEs

First Brands Group’s bankruptcy advisers are facing a new challenge that could impact how a potential restructuring of the auto parts supplier is carried-out.

US SEC Probing Jefferies for Bankrupt First Brands Dealings, FT Reports

Jefferies' Leucadia Asset Management fund, through its credit fund Point Bonita, held about $715 million in receivables ...
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First Brands Off-Balance-Sheet Creditors Seek Bankruptcy Change

(Bloomberg) -- A group of First Brands Group creditors is demanding new, independent advisers for company units that issued nearly $2.5 billion in off-balance-sheet debt, claiming conflicts of ...