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First Brands Group, a leading global supplier of aftermarket automotive parts, has announced that it and certain affiliates have filed for voluntary Chapter 11 protection in the United States. The filing, made in the U.S. Bankruptcy Court for the Southern District of Texas, is intended to stabilize the company’s finances and facilitate a transaction to maximize its value.
Key Highlights
- First Brands Group has initiated voluntary Chapter 11 proceedings for its U.S. entities.
- The company has secured $1.1 billion in debtor-in-possession (DIP) financing.
- The court-supervised process applies solely to its U.S. operations.
- Global operations and customer deliveries are expected to continue without interruption.
Financial Restructuring and Operations
To support its business during the restructuring, First Brands has secured $1.1 billion in DIP financing from an ad hoc group of cross-holders. This funding is intended to provide the necessary capital for the company to maintain normal operations, fulfill customer orders, and meet its obligations to vendors and partners throughout the Chapter 11 process.
Chuck Moore, Chief Restructuring Officer of First Brands, stated the move is an important step toward stabilizing the company and securing its long-term future. He affirmed the company’s focus on supporting its employees, suppliers, and global customer base with its portfolio of automotive technology.
Impact on Global Business
First Brands Group has emphasized that the Chapter 11 cases pertain only to its U.S. operations. All international business is expected to continue in the ordinary course, with no interruption for the company’s international customers, partners, or employees. The company’s international entities are not part of the court-supervised financial restructuring.
Court Proceedings and Next Steps
To ensure a smooth transition, First Brands has filed several customary “First Day Motions” with the Court. If approved, these motions will authorize the company to continue paying employee wages and benefits, honor customer commitments, and pay vendors for goods and services provided after the filing date.
These filings follow the voluntary Chapter 11 petitions filed by some of the company’s non-operational entities on September 24, 2025. First Brands is seeking to have the cases jointly administered.
Additional information on the proceedings is available at https://restructuring.ra.kroll.com/firstbrands.
About First Brands Group
First Brands Group™ is a global automotive parts company that develops, markets and sells premium products through a portfolio of market-leading brands including: Raybestos® complete brake solutions, Centric Parts® replacement brake components, StopTech® performance brakes, FRAM® filtration products, Luber-finer® filtration products, TRICO® wiper blades, ANCO® wiper blades, Michelin® licensed wiper blades, Carter® fuel and water pumps, Autolite® spark plugs, StrongArm® lift supports, Carlson® brake hardware, CARDONE® new and remanufactured replacement parts, and our towing & trailering portfolio composed of REESE®, DRAWTITE®, BULLDOG®, TEKONSHA®, FULTON®, Westfalia® along with Hopkins® universal owned and licensed brands and Philips® licensed aftermarket lighting.
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