ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

KBRA Releases Research – Private Credit: First Brands, Public Credit’s Concern

KBRA releases research examining how private credit’s exposure to First Brands Group LLC is minimal. Our analysis also indicates that none of the company’s nearly $6 billion in broadly syndicated loans (BSL) were originated by any private credit direct lending platforms.

In addition to its term loans, the company’s bankruptcy petition revealed a further $2.3 billion in off-balance sheet obligations, nearly $600 million in asset-based loans from a bank, and over $800 million in supply chain financing owed to 30 unsecured creditors—primarily trade and commercial finance companies, banks, hedge funds, and other operating businesses. Overall, private credit firms had only limited exposure across the company’s more than $9 billion in debt.

Click here to view the report.

Recent Publications

About KBRA

KBRA, one of the major credit rating agencies, is registered in the U.S., EU, and the UK. KBRA is recognized as a Qualified Rating Agency in Taiwan, and is also a Designated Rating Organization for structured finance ratings in Canada. As a full-service credit rating agency, investors can use KBRA ratings for regulatory capital purposes in multiple jurisdictions.

Doc ID: 1011685

Contacts

John Sage, Senior Director

+1 646-731-1452

john.sage@kbra.com

Shane Olaleye, Managing Director

+1 646-731-2432

shane.olaleye@kbra.com

Judah Gross, Senior Director

+1 646-731-1361

judah.gross@kbra.com

Andrew Giudici, Global Head of Corporate, Project, and Infrastructure Finance

+1 646-731-2372

andrew.giudici@kbra.com

William Cox, Chief Rating Officer

+1 646-731-2472

william.cox@kbra.com

Media Contact

Adam Tempkin, Senior Director of Communications

+1 646-731-1347

adam.tempkin@kbra.com

Business Development Contacts

Michael Caro, Senior Director

+1 646-731-2382

michael.caro@kbra.com

Trent Ottoson, Senior Director

+1 646-731-1401

trent.ottoson@kbra.com

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.