"This Is Bad": First Brands Liquidation Looms As DIP Loan Collapses
“This Is Bad”: First Brands Liquidation Looms As DIP Loan Collapses In the annals of leveraged loan lunacy, few spectacles rival the ongoing implosion of First Brands Group – that debt-drenched auto parts Frankenstein stitched together by Malaysian-born serial acquirer Patrick James, who turned a sleepy Ohio outfit into a $50 billion liability leviathan before […]
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