Jefferies Affiliate Apex Credit Partners and Subsidiary Point Bonita Capital Face Exposure to First Brands Bankruptcy
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Jefferies Financial Group Inc. holds a 50% stake in Jefferies Finance LLC, which is affiliated with Apex Credit Partners LLC, a subsidiary managing CLOs with $4.2 billion in assets, including exposure to First Brands’ term loans. Point Bonita Capital, part of Leucadia Asset Management, manages a $3 billion trade-finance portfolio with accounts receivables from First Brands. This news highlights the financial exposure of these entities to First Brands' bankruptcy.
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