To satisfy DCG’s existing liabilities of approximately $630 million in unsecured loans due in May 2023 and $1.1 billion under an unsecured promissory note due in 2032, a new partial repayment agreement was agreed upon. The repayment would be done in two tranches – approximately $328.8 million with a two-year maturity and $830 million with a 7-year maturity.
Source: https://www.coindesk.com/policy/2023/08/29/dcg-reaches-in-principle-deal-with-genesis-creditors-estimates-recoveries-of-70-90/?utm_medium=referral&utm_source=rss&utm_campaign=headlines