Zhu Su: Wildcat looks OK, it’s basically short-term commercial paper issued by market makers and other entities

Odaily News Zhu Su posted on the X platform that Wildcat's unsecured lending agreement looks completely fine. They are basically short-term commercial paper issued by market makers (MMs) and other entities, and the floating price is a great innovation. In fact, if this agreement existed in the last cycle, Three Arrows Capital would have a much easier time in restructuring because its credit can be traded on the open market and it can use assets to repurchase debt.