Clearlake Capital Group-backed Newfold is courting additional creditor support for its recently agreed upon debt restructuring via side pacts with lenders that were not part of the original negotiations, according to sources https://t.co/4Oju6t2JFz ...

Core Viewpoint - Analysts at Goldman Sachs express serious doubts about First Brands Group's ability to avoid bankruptcy due to concerning financing arrangements and high-interest rates [1][2]. Financial Concerns - First Brands Group is in discussions with creditors to restructure its $6 billion debt, with a potential Chapter 11 filing being considered [3]. - The company's loans have significantly decreased in value, attributed to worries over its off-balance sheet factoring practices [3][4]. Debt and Valuation - First Brands' first-lien loans are currently valued between 44.5 and 46.5 cents on the dollar, indicating market skepticism about the company's financial health [4]. - Creditors are assessing losses in the billions, raising questions about debtor-in-possession financing, profitability post-debt unwinding, and equity distribution in a potential bankruptcy scenario [6].

Debt Restructuring - Mozambique is considering asking China to restructure its $1.4 billion debt [1] - China is Mozambique's largest bilateral creditor [1]