AMERICAS DISTRESS DAILY: First Brands Is Weighing Debt Options

Sept. 19, 2025, 12:10 PM UTC

First Brands is assessing options for its $6 billion debt pile after pausing a refinancing attempt over a month ago. The company has enlisted law firm Weil Gotshal & Manges and investment bank Lazard Inc. to work with its advisers.

  • The earnings assessment was due to be finalized at the end of September, and First Brands was expected to come back to the market no later than early October.
  • A $2 billion First Brands loan due in 2027 was quoted between 57 cents and 62 cents on the dollar Thursday, according to broker notes.

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