Archive · 2 Oct 2025
UBS Funds Face Exposure to Bankrupt Auto-Parts Supplier
Imagine a company that makes car parts called First Brands.
This company borrowed a lot of money and is now having trouble paying it back, so they filed for bankruptcy.
Several funds under the big company UBS lent money to First Brands.
UBS has over $500 million tied up in the bankrupt company.
Some UBS funds provided loans and supply chain financing, and are now trying to figure out how much money they will lose.
The bankruptcy process involves investigating how First Brands managed its finances.
UBS is working to protect its clients' money during this process.
Funds under UBS Group AG face over $500 million in exposure to bankrupt First Brands Group.
First Brands filed for Chapter 11 bankruptcy after a failed refinancing attempt.
UBS Hedge Fund Solutions is the largest unsecured creditor with a $233.7 million claim.
UBS Asset Management has secured claims of over $160 million.
UBS is working with First Brands to provide a $1.1 billion bankruptcy loan.
- Who
- UBS Group AG and First Brands Group
- What
- First Brands Group filed for Chapter 11 bankruptcy, exposing UBS funds to over $500 million.
- When
- Filed late Sunday
- Where
- Texas
- Why
- Failed refinancing attempt and concerns over off-balance-sheet financing.
- Company
- First Brands Group
- Bankruptcy Filing
- Chapter 11
- UBS Exposure
- Over $500 million
- Largest Unsecured Creditor
- UBS Hedge Fund Solutions ($233.7M)
- Bankruptcy Loan
- $1.1 billion
- O'Connor Sale
- UBS to Cantor Fitzgerald