JPMorgan, Barclays, Others Owed $613 Million Under Tricolor Loan

Tricolor Holdings had about $613 million outstanding under its warehouse credit agreement with JPMorgan Chase & Co. and other lenders as of Aug. 15, less than a month before it filed for Chapter 7 bankruptcy, according to a court filing on Monday.

• JPMorgan and Barclays Plc provided the warehouse line, along with mezzanine lenders, court filings show
• The warehouse line was backed by auto loans that Tricolor made to its customers
• JPMorgan reported a $170 million charge-off in the third quarter related to Tricolor’s collapse, while Barclays took a £110 million ($147 million) credit impairment charge in the third quarter ...