Debt Restructuring - Newfold, backed by Clearlake Capital Group, is seeking further creditor support for its recently agreed debt restructuring through side agreements with lenders not initially involved in negotiations [1] Financial Strategy - The company is actively pursuing additional financial arrangements to solidify its debt restructuring plan [1]

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]