Santander Lined Up to Help First Brands for Months Before Demise
NegativeFinancial Markets

First Brands Group's attempt to refinance $6 billion in debt has hit a snag, as they had enlisted Banco Santander and Jefferies Financial Group to assist. However, concerns from investors led to the shelving of the deal. This situation highlights the challenges faced by companies in managing substantial debt, especially in uncertain economic times.
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