Jefferies earned undisclosed fees on First Brands ‘side letter’ financing
NegativeFinancial Markets

Jefferies has reportedly earned undisclosed fees from a financing arrangement related to First Brands, a car parts group currently in bankruptcy. This situation raises concerns among lenders, who believe that the arrangement may have violated loan covenants. Such breaches can complicate the bankruptcy process and affect the recovery prospects for creditors, making it a significant issue in the financial landscape.
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