(Bloomberg) -- Marathon Asset Management LP bought the term loan of collapsed First Brands Group at around 40 cents on the dollar and sees it as a “great company” with a bad balance sheet, Chief Executive Officer Bruce Richards said.“We feel good about that position because we think it’s a great company that needs to be restructured,” Richards said Thursday in an interview with Bloomberg Television. Marathon snapped up the term loan “in the 40s,” he said.Marathon, a distressed-debt investor, is heading up t ...