One scoop to start: First Brands Group’s $1.1bn rescue loan faced a legal challenge from a Utah-based private asset-backed finance specialist, which emerged as the largest known creditor to the bankrupt US auto parts company. The judge approved the financing anyway.
And another scoop: An investor that has backed UK high street chains Gail’s and PizzaExpress has made a bid for Costa Coffee, which is being put up for sale with a roughly £2bn price tag by owner Coca-Cola.
And one more thing: Shawbrook is preparing to kick off its long awaited initial public offering, reviving plans to float the UK small business lender that were paused during market turmoil earlier this year.
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