{"id":209542,"date":"2025-10-08T16:59:10","date_gmt":"2025-10-08T16:59:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/209542\/"},"modified":"2025-10-08T16:59:10","modified_gmt":"2025-10-08T16:59:10","slug":"jefferies-fund-has-715-million-in-first-brands-trade-debt","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/209542\/","title":{"rendered":"Jefferies Fund Has $715 Million in First Brands\u2019 Trade Debt"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">An asset manager controlled by a unit of <a href=\"https:\/\/www.bloomberg.com\/quote\/JEF:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Jefferies Financial Group Inc.<\/a> sank nearly a quarter of its $3 billion trade finance portfolio into receivables tied to auto parts supplier First Brands Group Inc., the bank disclosed on Wednesday.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Point Bonita Capital\u2019s portfolio has about $715 million invested in receivables due by First Brands\u2019 customers including <a href=\"https:\/\/www.bloomberg.com\/quote\/WMT:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Walmart Inc.<\/a> and <a href=\"https:\/\/www.bloomberg.com\/quote\/AZO:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">AutoZone Inc.<\/a>, with the auto-parts supplier responsible for directing payments to Point Bonita, Jefferies said in a statement. Problems with the receivables emerged on Sept. 15 as the company stopped making these payments.<\/p>\n","protected":false},"excerpt":{"rendered":"An asset manager controlled by a unit of Jefferies Financial Group Inc. sank nearly a quarter of its&hellip;\n","protected":false},"author":2,"featured_media":209543,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[56728,79557,28,3055,939,11520,4760,112,1535,119955,918,5683],"class_list":{"0":"post-209542","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-autozone-inc","9":"tag-bank-deposits","10":"tag-business","11":"tag-debt","12":"tag-finance","13":"tag-generic-1st-cl-future","14":"tag-jefferies-financial-group-in","15":"tag-markets","16":"tag-morgan-stanley","17":"tag-ubs-group-ag-reg","18":"tag-wall-street","19":"tag-walmart-inc"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/209542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=209542"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/209542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/209543"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=209542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=209542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=209542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}