Lenders to bankrupt car parts group believe arrangement may have breached loan covenant
Wall Street’s most famous short seller on the First Brands fiasco, Enron and the “magical machine” in private credit markets
Investor famed for spotting Enron fraud sounds alarm on Wall Street’s booming debt machine
Onset Financial describes itself as ‘most significant provider of liquidity’ to bankrupt car parts group
The FT's Robert Smith reports on First Brands Group, the heavily indebted car parts supplier that has caught credit markets off guard
Special committee investigating auto parts group’s financing also examines whether collateral was ‘commingled’
Car parts group’s collapse has left creditors and others exposed — but some spied an opportunity in the chaos
‘Lions and tigers and off-balance sheet factoring, oh my!’
Collapse of US auto parts maker that borrowed billions in private markets has unnerved Wall Street
Growing financial strains at US auto parts supplier pushes group closer to bankruptcy
Gradually, then suddenly: off-balance-sheet finance edition
Rapid unravelling of heavily indebted car parts supplier has caught credit markets off guard
Concerns come after unravelling of two companies deemed just weeks ago to be in strong health
Plus expensive visas
Company considers bankruptcy as creditors brace for multibillion-dollar restructuring
Loans trade at distressed levels after ‘chaotic’ selling as investors brace for tricky restructuring
Ohio-based First Brands Group has come under scrutiny for its invoice factoring
