First Brands’ One-Month Slide Toward Bankruptcy: The Brink

Welcome to The Brink. This is Luca Casiraghi, Eliza Ronalds-Hannon and Reshmi Basu, reporters in Milan and New York, where we’ve been looking at the rapid demise of auto-parts firm First Brands. We also have news on Omnicare’s bankruptcy filing, China Vanke and Argentina’s bond rally. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.

Sudden Crisis

It took just over a month for First Brands to shift from being a refinancing contender to a bankruptcy candidate, an unraveling that could generate billions of dollars of losses for its creditors.

The auto-parts company, based in ...