First Brands, Lenders Explore Funding Options With Advisers (1)

Auto-parts maker First Brands Group and some of its largest creditors are working with advisers as the company assesses options for its $6 billion debt pile after pausing a refinancing attempt over a month ago.

First Brands has enlisted law firm Weil Gotshal & Manges and investment bank Lazard Inc., while some of its largest lenders are working with Gibson Dunn & Crutcher and Evercore Inc., according to people familiar with the matter who asked not to be named discussing private information. Talks between both sides’ advisers have already started, they added.

Representatives for First Brands and the ...