DCG proposed a new creditor agreement, unsecured creditors may receive compensation for 70-90% of their debts

Odaily News DCG has proposed a new creditor agreement. As part of Genesis’ bankruptcy proceedings, unsecured creditors may receive compensation for 70-90% of the debt, and the total compensation can cover the total debt. According to the terms, part of the loan will be paid after the transaction is completed. It will be repaid shortly in cash and the remainder will be converted into a two-year note. The agreement, which is awaiting creditor approval, seeks to renegotiate a $630 million loan between Genesis and DCG. (The Block)