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Western Alliance Sues Jefferies over Unpaid Debt Tied to First Brands

Summary by bankingdive.com
The Phoenix, Arizona-based lender’s CEO called the investment bank’s decision to cease payments “shocking.” Jefferies said the bank’s lawsuit is “without merit.”

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Western Alliance sues Jefferies over unpaid debt tied to First Brands

The Phoenix, Arizona-based lender’s CEO called the investment bank’s decision to cease payments “shocking.” Jefferies said the bank’s lawsuit is “without merit.”

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American BankerAmerican Banker

Western Alliance sues Jefferies for $126M in First Brands fallout

The Phoenix-based bank said that affiliates of Jefferies had stayed current on the loan agreement until last week. The suit is the latest example of private credit-related problems at banks.

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bankingdive.com broke the news in on Friday, March 6, 2026.
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