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 ...
Wall Street Journal

First Brands Bankruptcy Loan Draws Broad Interest From Creditors

First Brands, the auto-parts maker that collapsed abruptly after revelations of potential hidden off-balance-sheet debt, has secured new backing from nearly all its top-ranking lenders for over $1.1 ...
Bloomberg L.P.

First Brands Loan Slumps After Report on Apollo Short Position

A roughly $2 billion leveraged loan for First Brands Group tumbled after a news report about Apollo Global Management taking on a credit default swap position that will pay off if the auto parts and ...
Morningstar

The Funds Most Affected by First Brands’ Bankruptcy and What Investors Can Learn From Them

The impact of First Brands Group’s Oct. 5, 2025, bankruptcy filing will continue to ripple across the financial ecosystem, but one lesson for fund investors is immediately clear: Position sizing ...
Wall Street Journal

First Brands Rescue Loans Tumble on New Business Fears

The market for First Brands Group’s bankruptcy loans has cratered in recent days as lenders became skittish about erosion in the auto supplier’s financial situation, according to people familiar with ...
U.S. News & World Report

Western Alliance Sues Jefferies Over $126 Million Payment Tied to First Brands Loans

March 6 (Reuters) - Western Alliance said on Friday ⁠it ⁠had sued investment bank Jefferies Financial for not completing ⁠payment of $126.4 million it owed to the regional lender for loans tied to ...