Marathon Asset Management Optimistic About First Brands Despite Financial Struggles
Financial MarketsFirst BrandsUpdated 5 hours ago

Marathon Asset Management Optimistic About First Brands Despite Financial Struggles

Marathon Asset Management's CEO Bruce Richards has expressed optimism about First Brands, labeling it a 'great company' despite its challenging balance sheet. The firm recently acquired First Brands' term loan at a significant discount, reflecting confidence in the company's potential for restructuring and recovery. This move underscores Marathon's strategic approach to investing in distressed assets.

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First Brands Is Great Company With Bad Balance Sheet, Says Marathon's Richards
NeutralFinancial Markets
Marathon Asset Management's CEO Bruce Richards has expressed confidence in First Brands, describing it as a 'great company' despite its poor balance sheet. Marathon recently acquired First Brands' term loan at a significant discount, indicating a belief in the company's potential for restructuring. This situation highlights the complexities of investing in distressed assets and the opportunities that can arise from financial challenges.
Marathon Feels ‘Good’ About First Brands Debt Bought at 40 Cents
PositiveFinancial Markets
Marathon Asset Management is feeling optimistic after acquiring the term loan of First Brands Group for about 40 cents on the dollar. CEO Bruce Richards believes that despite the company's troubled balance sheet, First Brands has strong potential. This acquisition highlights Marathon's strategic investment approach, showcasing their confidence in turning around distressed assets.

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