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Saturday, September 27, 2025

Apollo Sidestepped Blacklist to Short Ailing First Brands’ Loans

 


Long before being pushed to the brink of bankruptcy by concerns over its financial reporting, First Brands Group LLC took steps to keep Apollo Global Management Inc. at bay.

The embattled auto-part supplier, which has come under scrutiny for its use of complex off-balance sheet financing, had included Apollo and its affiliates in a blacklist that barred certain firms from trading its loans.

https://www.bloomberg.com/news/articles/2025-09-27/apollo-sidestepped-blacklist-to-short-ailing-first-brands-loans

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