RealTruck Seeks to Assure Lenders After Debt Hit by First Brands

Auto-part manufacturer RealTruck Group Inc., facing a slump in its debt to distressed levels, told lenders it uses fundamentally different financing tools than those tapped by First Brands Group, another parts-maker that collapsed into bankruptcy last month.

RealTruck has no factoring arrangements, doesn’t participate in supply chain finance and has no “material” off-balance-sheet liabilities, the company said in a notice to lenders seen by Bloomberg News.

Its bonds due in 2029 are trading at about 60 cents on the dollar as of Wednesday in New York, a roughly 10 cent drop over the past month, according to data ...