First Brands Aims to Assure Lenders by Chasing Trapped Funds

First Brands advisers sought to reassure skittish creditors after the value of its $1.1 billion rescue loan collapsed, saying business has stabilized since filing Chapter 11 and moving to unlock...

By Jonathan Randles · Bloomberg Markets

First Brands advisers sought to reassure skittish creditors after the value of its $1.1 billion rescue loan collapsed, saying business has stabilized since filing Chapter 11 and moving to unlock funds from receivables it can’t currently access.