Tricolor, First Brands, and Broadband Telecom: Recent Credit Bankruptcies and Canaries in the Coal Mine
- Unity Holdings
- Nov 9
- 1 min read
Recent bankruptcies—namely, Tricolor, First Brands, and Broadband Telecom—have ignited concerns about the state of the private credit market.
In this paper, we examine the root causes behind these failures, explore the structural dynamics at play, and reaffirm why disciplined underwriting, rigorous monitoring, and substantive overcollateralization are fundamental to long-term credit performance.
