Archive · 29 Sep 2025
First Brands Files for Bankruptcy Following Creditor Scrutiny
First Brands, a car parts supplier, has filed for bankruptcy after lenders questioned its financial practices.
The company has a lot of debt and was using methods that worried its lenders.
The company is now seeking to reorganize its finances while continuing to operate.
A group of creditors will provide $1.1 billion to keep the company running.
Despite the bankruptcy, First Brands expects to continue its global operations.
The company makes products like wiper blades and filters, selling to stores like Walmart and O'Reilly.
First Brands Group Holdings filed for Chapter 11 bankruptcy.
The company's liabilities are between $10 billion and $50 billion.
A group of creditors will provide $1.1 billion in financing.
The bankruptcy follows scrutiny of the company's borrowing practices.
First Brands expects global operations to continue.
- Who
- First Brands Group Holdings
- What
- Filed for Chapter 11 bankruptcy
- When
- September 28
- Where
- Southern District of Texas
- Why
- Due to concern over opaque off-balance sheet financing
- Company
- First Brands Group Holdings
- Filing Type
- Chapter 11 Bankruptcy
- Liabilities
- $10 billion - $50 billion
- Assets
- $1 billion - $10 billion
- Debtor-in-Possession Financing
- $1.1 billion
- Brands
- Anco, Trico, Fram
- Debt
- $6 billion
