Grayscale’s parent company has announced that it has increased its credit facility by $600 million through a debt capital raise. The company plans to utilize the funds in order to enhance its investments in its wholly-owned subsidiaries.
Digital Currency Group (DCG) announced the news earlier on November 18th, indicating that Elbridge served as administrative agent of the credit facility.
The event also saw the participation of a syndicate of institutional lenders and funds managed by Capital Group, Davidson Kempner Capital Management, and others.
This is DCG’s entrance into the debt capital markets. The company intends to enhance its “strategic, operational, and financial capabilities by reducing DSG’s cost of capital and fuel the growth of its investment portfolio and wholly-owned subsidiaries” following the move.
Founder and CEO Barry Silbert believes the debt capital raise will also strengthen the company’s ability to “respond dynamically to opportunities in the mark
We współpracy z: https://cryptopotato.com/digital-currency-group-completed-600-million-debt-capital-raise/
