---
title: "A few months before First Brands' bankruptcy, Banco Santander SA-Spon had queued to provide financing"
description: "A few months before the collapse of First Brands Group, the company had collaborated with Banco Santander SA-Spon to attempt to refinance approximately $6 billion in debt. However, due to investor con"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/261942121.md"
published_at: "2025-10-20T21:36:02.000Z"
---

# A few months before First Brands' bankruptcy, Banco Santander SA-Spon had queued to provide financing

> A few months before the collapse of First Brands Group, the company had collaborated with Banco Santander SA-Spon to attempt to refinance approximately $6 billion in debt. However, due to investor concerns, the deal was put on hold. Santander signed a cooperation agreement with Jefferies Financial, but investors demanded quality in the earnings reports, leading to the unsuccessful promotion of the refinancing

According to informed sources, when First Brands Group attempted to refinance approximately $6 billion in debt this summer, the automotive parts supplier collaborated with Banco Santander SA and worked with Jefferies Financial Group Inc. on the transaction, but it was put on hold due to investor concerns. The Spanish bank signed a term sheet with Jefferies to collaborate on the refinancing, after which investors requested the quality of the earnings report. Although the refinancing was led by Jefferies, Banco Santander had a prior relationship with the company. (Bloomberg)

### Related Stocks

- [JEF.US - Jefferies Financial](https://longbridge.com/en/quote/JEF.US.md)
- [SAN.US - Banco Santander SA-Spon](https://longbridge.com/en/quote/SAN.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 08:30 ETOncourse Home Solutions Completes First-of-Its-Kind $1.66 Billion Whole Business Securitization | Oncourse Home Solutions has completed a $1.66 billion whole business securitization, marking the first-ever securitizati | [Link](https://longbridge.com/en/news/276446712.md) |
| Santander UK Prices €2.25bn in New Covered Bonds Under €35bn Programme | Santander UK has issued €2.25 billion in new covered bonds under its €35 billion Global Covered Bond Programme. This inc | [Link](https://longbridge.com/en/news/276125015.md) |
| Santander Kicks Off EUR5 Billion Share Repurchase Program | Santander Kicks Off EUR5 Billion Share Repurchase Program | [Link](https://longbridge.com/en/news/274758323.md) |
| Airlines object to Spain airport operator Aena's fee hike plan | Spanish airport operator Aena has proposed a fee increase for airlines to fund a €13 billion investment plan, which has  | [Link](https://longbridge.com/en/news/276211136.md) |
| Santander starts buy-back programme for up to 5.03 bln euros | Santander starts buy-back programme for up to 5.03 bln euros | [Link](https://longbridge.com/en/news/274784528.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.