Digital Currency Group https://gagarin.news/ received a $ 600 million credit line

Digital Currency Group (DCG) of Barie Silbert attracted $ 600 million long -term financing. The administrator of the credit line was the investment company Eldridge.

Digital Currency Group RaISES New $ 600 Million Credit Facility
https: // t.CO/WKNALUZFY7

– Barry Silbert (@barrysilbert) November 18, 2021

Capital capital came from Capital Group, Davidson Kempner Capital Management, Francisco Partners and other institutional creditors.

The Boston Company of Goodwin Procrator was the legal adviser to the transaction, financial advice was provided by the New York investment bank Ducra Partners.

According to the press release, the transaction “expands the strategic, operational and financial capabilities of DCG, reducing the cost of capital and stimulating the growth of its investment portfolio, as well as subsidiaries in full property”. The company first entered the borrowed capital market.

“This financing strengthens our ability to respond dynamically to market capabilities. We are pleased to cooperate with a group of high -class institutional creditors and, as a profitable and fast -growing company, was lucky enough to access these funds with an attractive cost of capital, ”Silbert said.

Earlier in November, the existing DCG shareholders conducted a private sale of securities in the amount of $ 700 million. As part of the event, the company was estimated at $ 10 billion. The group of the group included Capitalg (an investment company under the control of Alphabet Inc), SoftBank (Vision Fund 2 and Latin America Fund) and Ribbit Capital funds.

Recall that in the same month the media learned about DCG plans to launch an asset management unit of “cryptomilionaries”.