AMERICAS DISTRESS DAILY: PrimaLend Bankruptcy Shows Strain

PrimaLend Capital Partners filed for bankruptcy after months of negotiations with creditors following missed interest payments on its debt, the latest sign of stress in a pocket of the US economy catering to low-income consumers.

• The Plano, Texas-based provider of financing to auto dealerships focused on subprime borrowers said it was pursuing a sale of the business in bankruptcy court and would continue to fund and service loans to its own borrowers.

In Other News:

• Money manager Anthelion Capital Partners had an unusually concentrated position in loans of now-bankrupt car-parts supplier First Brands, a blow for an investor that had ...