A broad group of First Brands Group LLC lenders “have worked at lightening-speed” to provide $4.4 billion of Chapter 11 financing that company advisers said will allow the auto-parts supplier to avoid liquidation after its rushed bankruptcy filing, according to court papers.
The lender group advised by law firm Gibson, Dunn & Crutcher LLP includes Beach Point Capital Management LP, Diameter Capital Partners LP, Redwood Capital Management LLC and UBS Asset Management (Americas) LLC, according to a Tuesday disclosure filed in Texas bankruptcy court. The group advised by Gibson Dunn includes dozens of firms, according to the court filing.