5
Genesis sought $1B emergency loan before halting withdrawals
source link: https://nextbigwhat.com/genesis-sought-1b-emergency-loan-before-halting-withdrawals/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Genesis sought $1B emergency loan before halting withdrawals
Genesis needed access to the credit facility by 10 a.m. Monday, according to the private fundraising document, which also mentioned a “liquidity crunch due to some illiquid assets on its balance sheet.”
In order to restore its liquidity, the company had “quite constructive conversations” with potential investors, the report reveals.
I like thisUnlikeUpvoteI dislike thisUndislike
[Via]
» Download CHAI APP: The News App for Tech Professionals 
(Android, iOS)
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK