DCG Looks to Refinance Outstanding Genesis Obligations, Raise Growth Capital

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.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

 

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