Celsius announces the option of repayment or refinancing for retail borrowers' deposit claims
On January 17th, Celsius announced that it has provided several options for creditors holding Class 2 Retail Borrower Deposit Claims. These creditors can now choose to join the Retail Advance Obligation Repayment Election, Refinancing Election, or Set Off Treatment. According to the announcement, any refinancing arrangements will be made with third-party lenders and further information will be provided after the effective date. Eligible holders of Class 2 Retail Borrower Deposit Claims (with some exceptions) should have already received notifications via email regarding upcoming repayment or refinancing options.
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