A set of investors in distressed chemicals firm Kem One's bonds is asking other debtholders to join a cooperation agreement, sources say https://t.co/mD9bFHK9KQ ...

Core Viewpoint - Marathon Asset Management LP perceives First Brands Group as a valuable company despite its poor financial situation, having acquired its term loan at approximately 40 cents on the dollar [1][3]. Group 1: Investment Details - Marathon has taken a leading role in the First Brands steering committee and provided a $1.1 billion debtor-in-possession loan to the company [2]. - The firm holds $238 million in the first-lien term loan and $41 million in the second-lien loan, as indicated in court documents [2]. Group 2: Company Situation - First Brands has emerged as one of the most significant distressed cases this year, entering bankruptcy due to accounting issues raised by loan investors [3]. - A creditor has alleged that up to $2.3 billion has "simply vanished," potentially leading to substantial losses for long-term investors and lenders [3]. Group 3: Strategic Focus - Marathon's objective is to assist First Brands in exiting bankruptcy swiftly and establishing a proper accounting system [4]. - The firm has also invested in Marelli, another global auto-parts supplier that filed for bankruptcy this year [4]. - Marathon is avoiding subprime consumer loans due to increased scrutiny following Tricolor's bankruptcy, citing a "huge" loss rate in that sector [4].

Let's talk markets, the Fed, investing in sports, and much much more. Joining us right now is Mark Lazri. He is Avenue Capital Group chairman, the CEO, and the co-founder.Um, also a good friend of Squawk, and it's great to have you here, Mark. >> My pleasure. Thank you for having me.>> I want to dig into um sports, but let's hold off on that because I think it's probably more important to talk broader markets right now. Um there's a lot of questions about what's going to happen with the tariffs right now. Y ...

Private equity firms struggling to realize returns for their investors are likely to offer an opportunity for distressed debt investors, according to Glendon Capital co-founder Holly Kim https://t.co/NZ4mPWWE7c ...