Distressed - debt investment

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First Brands Is Great Company With Bad Balance Sheet, Says Marathon's Richards
Yahoo Financeยท 2025-10-09 15:31
Marathon Asset Management LP Chief Executive Officer Bruce Richards says First Brands is a "great company" with a bad balance sheet. Marathon, a distressed-debt investor, bought the term loan of First Brands at around 40 cents on the dollar. "We feel good about that position because we think it's a great company that needs to be restructured," Richards said on "Bloomberg Open Interest." ...