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Genesis International Capital Has Employed Funding Financial institution Moelis to Discover Choices Together with Chapter: New York Instances



“In current days, there was chatter about intercompany loans between Genesis International Capital and DCG,” Silbert wrote. “For these unaware, within the odd course of enterprise, DCG has borrowed cash from Genesis International Capital in the identical vein as tons of of crypto funding companies. These loans had been all the time structured on an arm’s size foundation and priced at prevailing market rates of interest. DCG at present has a legal responsibility to Genesis International Capital of ~$575 million, which is due in Might 2023. These loans had been used to fund funding alternatives and to repurchase DCG inventory from non-employee shareholders in secondary transactions beforehand highlighted in quarterly shareholder updates.”

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