First Brands at breaking point as it scrambles to avoid liquidation
The company is relying on a $48mn infusion from automakers to continue operating
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First Brands facing cash crisis as company seeks emergency funds
Bankrupt car parts maker only has enough money to operate through end of January as advisers race to raise capital
First Brands’ lenders race to secure rescue loan for car parts group
Company considers bankruptcy as its finances worsen
First Brands rescue loan tumbles in value as bankruptcy drags on
Debt intended to stabilise the auto parts maker has fallen sharply to trade at about 70 cents on the dollar
First Brands debt plunges as worries mount over US car parts group
Loans trade at distressed levels after ‘chaotic’ selling as investors brace for tricky restructuring
First Brands financier Raistone prepares wind-down
Firm was heavily dependent on fees earned from deals for bankrupt auto-parts supplier
First Brands wins court approval for $1.1bn rescue loan to avoid liquidation
Overnight negotiations between holdout creditors and the car parts company yield a breakthrough over financing terms