Tier 2 First Brands

• [UNVERIFIED] First Brands Group’s lawyer indicated the company has access to approximately $600 million in remaining bankruptcy financing to prevent immediate shutdown of auto operations.

  First Brand’s lawyer said the company’s access to roughly 600 million of remaining bankruptcy financing to keep the auto companies from shutting down immediately

• [UNVERIFIED] Approximately $1.1 billion was initially gathered by hedge funds for First Brands’ financing but was automatically subject to litigation by Onset (based in Utah), which claimed the collateral belonged to Onset.

  there was $1.1 billion dollar um was gathered by other hedge funds that they put into this, but they were automatically sued by Onset out of Utah