TechFlow news, Celsius announced on X that creditors holding Class 2 Retail Borrower Deposit Claims have been offered several options.
These creditors can now elect to participate in the Retail Advance Obligation Repayments Election, the Refinancing Election, or the Set Off Treatment.
Any refinancing arrangements will be conducted with third-party lenders, and further relevant information will be provided after the effective date. Eligible holders of Class 2 Retail Borrower Deposit Claims (with certain exceptions) should have already received notification via email regarding the upcoming repayment or refinancing options.
This notice has been filed with Stretto as Case No. 4206, and the deadline to submit this election form through Stretto is January 17, 2024, at 11:59 p.m. Eastern Time.
