.DCGco is looking to refinance its outstanding obligations to lending division Genesis as the latter's bankruptcy proceedings continue. iamsandali reports
Outstanding obligations can take the form of loans, receivables or any payments due between the two entities. The lending platform'sfrom January revealed DCG's total debt to Genesis includes $575 million due this month, and a $1.1 billion promissory note due June 2032. CoinDesk reported in February that DCG, which is CoinDesk's parent company,from Genesis.
The move is meant to provide"further financial flexibility" as DCG engages with stakeholders in Genesis Capital's bankruptcy proceedings, DCG said.Parties to Genesis' bankruptcy proceedings
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spider-Man 2099: Dark Genesis #2 Preview: Blade 2099 Looks HungryIs it the end of Nueva York in Spider-Man 2099: Dark Genesis 2? Or will Blade 2099 & pals slice through Carnage? Find out in our preview!
Read more »
Martin Perez looks to send Rangers to series win vs. AngelsMartin Perez will have another tough act to follow for the Texas Rangers on Sunday afternoon.
Read more »
Game Day: Lakers’ Game 3 formula looks familiarIt’s all about the paint, and AD bringing his A game instead of his D game.
Read more »
Mariners' Bryce Miller looks to subdue AstrosBryce Miller might be more eager for his second start in the major leagues than he was for his first.
Read more »
Prince William stars in official clip ahead of coronation concert: ‘Time for your rehearsal’It looks like Prince William is getting ready for the coronation concert tonight.
Read more »
Eli McCann: We’re thankful for the ‘mois-chur.’ You don’t say? Well, in Utah we do.Eli McCann: 'Once I told my husband about the “moisture,” he became obsessed with this phrase, sometimes saying it in front of people who didn’t know he was being facetious.'
Read more »