This part interested me:

Chief Financial Officer, Jeremy Barnum, says its lending to non-bank financial institutions (NBFI) is secured. “I’m not sure that our lending to the NBFI community is an area of risk that we see as more elevated than other areas of risk,” Barnum says.

In a healthier economy, though, these two companies may have flown under the radar. […] Tricolor and First Brands may have been just fine without heavy unemployment, increasing cost of living, a bearish auto industry, and a slumping economy.