DCG, Genesis Reaches Critical In-Principle Deal With Creditors

To fulfill DCG’s present liabilities of roughly $630 million in unsecured loans due in Could 2023 and $1.1 billion underneath an unsecured promissory word due in 2032, a brand new partial reimbursement settlement was agreed upon. The reimbursement can be achieved in two tranches – roughly $328.8 million with a two-year maturity and $830 million with a 7-year maturity.