Weil Secures Final Approval for $5.2 Billion DIP Financing for First Brands Group

Weil Gotshal & Manges represented First Brands Group in obtaining final court approval of the company’s $5.2 billion debtor‑in‑possession (DIP) financing package. On November 6, 2025, Weil secured final approval of the financing that will support First Brands’ ongoing operations and preserve employment, overcoming creditor objections to close one of the year’s largest corporate restructurings. The approved package totals $5.2 billion and is composed of a $1.1 billion DIP loan and a $3.3 billion roll‑up of existing creditor claims. Following interim approval by U.S. Bankruptcy Judge Christopher M. Lopez on October 1, the final order cleared the way for First Brands to access the remaining $600 million of cash under the $1.1 billion bankruptcy loan. The transaction was presented to the court as essential to avoid liquidation and to maintain operations and enterprise value; media coverage across financial and legal outlets emphasized the financing’s necessity and the scope of the negotiations that produced settlements with objecting parties. Weil Gotshal & Manges represented First Brands Group with a team composed by: Restructuring Department Co‑Chairs Matt Barr and Sunny Singh; Restructuring partners Andriana Georgallas, Kevin Bostel and Clifford Carlson.

Weil Secures Final Approval for $5.2 Billion DIP Financing for First Brands Group

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads