Bloomberg L.P.

First Brands Asks Lenders for Fresh Cash of Up to $800 Million

First Brands Group has appealed to lenders for as much as $800 million in new financing to keep the auto-parts supplier afloat long enough to restructure in bankruptcy court. The company is huddling ...
Transport Topics

First Brands Flails as Customers Don’t Know Who to Pay

As First Brands Group makes its way through bankruptcy court, the auto parts supplier is bumping up against an unexpected snafu: Its customers don’t seem to know who to pay. As the extent of First ...
Bloomberg L.P.

First Brands’ Business Flails as Customers Don’t Know Who to Pay

As First Brands Group makes its way through bankruptcy court, the auto-parts supplier is bumping up against an unexpected snafu: Its customers don’t seem to know who to pay. As the extent of First ...
USA Today

Shae Cornette named full-time 'First Take' host at ESPN with Stephen A. Smith's blessing

Shae Cornette has been named the new full-time host of ESPN's "First Take," joining the popular Stephen A. Smith-led program. Cornette, who joined ESPN in 2020, has previously been a fill-in host for ...
The Economist

First Brands is a painful but necessary warning for Wall Street

In court the firm’s lawyer described it as tremendous. That may have been true once, but today First Brands is a disaster. On October 13th Patrick James, its chief executive, resigned; America’s ...
Variety

Uwe Boll Returns With Parts 2 and 3 of Paramount+ Hit ‘First Shift,’ Eyes Possible Series (EXCLUSIVE)

Uwe Boll has wrapped principal photography on the second and third installments of his hit cop movie “First Shift” in New York City while aiming for a possible series based on the franchise. The 2024 ...
Business Wire

First Brands Group Announces Leadership Transition

ROCHESTER HILLS, Mich.--(BUSINESS WIRE)--First Brands Group, LLC (“First Brands” or the “Company”), a leading global supplier of aftermarket automotive parts, today announced that Charles Moore has ...
The New York Times

First Brands’ C.E.O. Steps Down, While Its Accounting Is Questioned

The auto-part maker’s bankruptcy has rocked Wall Street and revealed trouble in the private credit markets. By Ryan Mac The embattled chief executive of First Brands, an American auto-parts maker that ...
The New York Times

Billions of Dollars ‘Vanished’: Low-Profile Bankruptcy Rings Alarms on Wall Street

The unraveling of First Brands, a midsize auto-parts maker, is exposing hidden losses at international banks and “private credit” lenders. By Rob Copeland When First Brands, an auto-parts maker, filed ...
Reuters

First Brands' creditor says $2.3 billion 'simply vanished', seeks probe

Raistone alleges up to $2.3 billion missing at First Brands Questions the company's investigative rigor Asks the court to appoint independent examiner Oct 8 (Reuters) - Trade finance company Raistone, ...
U.S. News & World Report

First Brands Files for Bankruptcy, Revealing Billions of Dollars in Liabilities

NEW YORK (Reuters) -U.S. auto parts maker First Brands filed for bankruptcy protection on Monday after disclosing liabilities exceeding $10 billion, marking the collapse of a company whose rapidly ...