On November 6, 2025, Weil secured a decisive achievement in the restructuring of First Brands Group – the largest corporate restructuring of 2025 – steering the company through creditor objections to obtain final approval of the company’s $5.2 billion debtor‑in‑possession (DIP) financing package. The deal supports the Company’s ongoing operations and protects the jobs of its employees.

Following interim approval by U.S. Bankruptcy Judge Christopher M. Lopez on October 1, this approval cleared the way for First Brands to access the remaining $600 million in cash from its $1.1 billion bankruptcy loan. The financing package includes a $1.1 billion DIP loan and a $3.3 billion roll‑up of existing creditor claims, underscoring the scale and complexity of the transaction.

The achievement drew favorable media coverage across financial, legal and industry outlets:

• “It’s been a minute for Chapter 11 cases to have that feeling of the cases of yore – reminiscent of Lehman and Enron. Those are big shoes to fill, but First Brands’ moment has arrived, and counsel at Weil Gotshal has stepped up to the plate, successfully driving settlements with all objecting parties to get final DIP approval over the line,” 9fin reported.
• The Wall Street Journal emphasized the stakes, reporting that Weil lawyers for First Brands told the court that without this loan, the company would liquidate and it would be “game over.”
• Reuters reported that the $1.1 billion DIP loan was indispensable to avoid liquidation, with company lawyers warning that without it, operations would collapse.
• Law360 underscored the importance of the negotiations, reporting that the financing was “essential to maintaining operations and preserving enterprise value.”

By securing this critical financing, Weil not only preserved First Brands’ operations but also reaffirmed its reputation as the premier firm for high‑stakes, complex restructurings.

The cross-border Weil team advising First Brands is led by Restructuring Department Co-Chairs Matt Barr and Sunny Singh, and Restructuring partners Andriana Georgallas, Kevin Bostel and Clifford Carlson.