First Brands Group's Debt Faces Pressure from Apollo Global Management
First Brands Group's $2 billion leveraged loan has seen a significant decline following reports that Apollo Global Management has taken a short position against the company. This development raises concerns about First Brands' ability to manage its debt obligations, despite the potential for strategic investment opportunities indicated by Apollo's actions.
First Brands Group's Debt Faces Pressure from Apollo Global Management
First Brands Group's $2 billion leveraged loan has seen a significant decline following reports that Apollo Global Management has taken a short position against the company. This development raises concerns about First Brands' ability to manage its debt obligations, despite the potential for strategic investment opportunities indicated by Apollo's actions.
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586 trending stories shaping headlines worldwide
From breaking news to viral moments
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From major news outlets to specialized publications
The latest update landed just 20 minutes ago
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