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Auto parts supplier First Brands is reportedly set to file for bankruptcy protection as early as next week
3 day ago /
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Author：小编
According to sources familiar with the matter, the troubled auto parts supplier First Brands Group plans to file for bankruptcy protection as early as next week and seek a loan of at least US$1 billion to sustain its business operations during the restructuring period. Over the past two weeks, investor confidence has plummeted, and the company's creditors and bankers are racing against time to formulate a restructuring plan for its US$6 billion debt.
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