The Daily Overview on MSN

'It's game over' as First Brands warns it will die without $600M lifeline

First Brands Group has told a Houston court that without a fresh $600 m lifeline, the auto parts maker will have to shut down, putting a decade of debt-fueled expansion and a vast supply chain at risk ...

First Brands Lenders Balk at Second Lifeline, Explore Liquidation

Top lenders to the auto-parts supplier are resisting a second loan sought by the company after the original bankruptcy ...
PennyGem on MSN

‘It’s game over’—First Brands tells court it will shut down without $600M lifeline

On November 6, 2025, First Brands Group told a Houston court it would shut down without $600 million in emergency financing, ...
Just Auto on MSN

First Brands Group launches sale process under Chapter 11

The company intends to put all of its assets on the market and expects the sale process to be completed in the first quarter ...

Judge approves examiner appointment in First Brands bankruptcy amid fraud probe

By Pritam Biswas Jan 9 (Reuters) - A U.S. bankruptcy court on Friday approved the appointment of Martin De Luca as a ...
Morningstar

First Brands Group Secures Court Approval for Immediate Access to Full $1.1 Billion in Debtor-in-Possession Financing to Advance Restructuring

First Brands Group, LLC (“First Brands” or the “Company”), a leading global supplier of aftermarket automotive parts, today announced that it has received final approval from the U.S. Bankruptcy Court ...

First Brands Sues Founder’s Brother, Largest Creditor for Fraud

Bankrupt auto-parts maker First Brands Group has sued Edward James — its former executive and the brother of company founder Patrick James — and its largest creditor Onset Financial for conspiring “to ...
Transport Topics

Ex-First Brands Manager Says He’d Plead Fifth if Questioned

The former finance director of First Brands Group said he’d plead his Fifth Amendment right against self-incrimination if compelled to answer creditor questions at an upcoming deposition, citing a ...
Bloomberg L.P.

First Brands Rushes to Contain Panic as Loan Plunges to 63 Cents

Major investors in First Brands Group have offloaded stakes in the bankrupt auto supplier’s debt in recent days, causing the value of its most senior loan to collapse and prompting it to pull forward ...
Business Wire

First Brands Group Announces Launch of Marketing and Sale Process to Secure Long-Term Future for Brands and Global Platform

Company in Discussions with Ad Hoc Group of Lenders Regarding Comprehensive Agreement to Provide Additional DIP Financing and Serve as Stalking Horse Bidder for Select Business Units ROCHESTER HILLS, ...