Wall Street lenders clash in Houston court over $1.1bn First Brands rescue
Financing deal prompts fight between creditors over terms that could reward some while leaving others with little
Financing deal prompts fight between creditors over terms that could reward some while leaving others with little

Bankruptcy hearing in high-profile corporate collapse will start process of hashing out competing claims

Overnight negotiations between holdout creditors and the car parts company yield a breakthrough over financing terms

Debt intended to stabilise the auto parts maker has fallen sharply to trade at about 70 cents on the dollar

Onset Financial called itself a ‘dominant force’ in financing everything from chickens to helicopters but it ended up as First…

Some creditors want an independent trustee involved in car parts maker’s bankruptcy process

Investment fund owned by bank provided off-balance sheet financing to collapsed car parts supplier