First Brands is expected to file for bankruptcy as soon as Sunday with a roughly USD 1.1bn debtor-in-possession loan, but no restructuring support agreement given the speed of the company’s demise, said two sources familiar with the matter.

Discussions about a potential 363 sale for the auto parts group took place among the company and creditors, but no sale option is expected to be lined up by the time the company files, said the sources.