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Cryptopolitan

First Brands secured final court approval for a $1.1 billion loan

A federal bankruptcy court in Texas on Friday gave the green light for a $1.1 billion loan to rescue First Brands, the busted car parts company stuck deep in Chapter 11 hell, according to filings reviewed by Cryptopolitan. This decision came after a dragged-out overnight brawl between First Brands' lawyers and a room full of [...]

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