The plan could result in the recoveries of 70% to 90% in USD equivalent for unsecured creditors and 65% to 90% recovery on an in-kind basis.
DCG is also the parent company of CoinDesk.
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 with two tranches – approximately $328.8 million with a two-year maturity and $830 million with a 7-year maturity.
DCG would also pay $275 million in four installment payments after the date of the partial repayment agreement on account of the May 2023 maturities .
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