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DCG, Genesis Reaches Critical in Principle Deal With Creditors

August 29, 2023
in Crypto Updates
Reading Time: 1 min read
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To fulfill DCG’s present liabilities of roughly $630 million in unsecured loans due in Could 2023 and $1.1 billion below an unsecured promissory observe due in 2032, a brand new partial reimbursement settlement was agreed upon. The reimbursement could be executed in two tranches – roughly $328.8 million with a two-year maturity and $830 million with a 7-year maturity.

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Tags: CreditorsCriticalDCGDealGenesisPrincipleReaches
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