Eldrige leads Digital Currency Group’s maiden $600 million debt

On Thursday, the Digital Currency Group (DCG) announced that it has raised $600 million in a new credit facility, making its debut into the debt capital markets. The debt funding round was led by private equity firm Eldridge.

The company stated that the increase, which provides DCG with a credit facility enabling it to draw on as needed, “enhances DCG’s strategic, operational, and financial capabilities” by lowering its cost of capital and boosting the development of its investment portfolio and fully owned enterprises.

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