Exodus Movement Appoints Receiver in United Kingdom to Take Control of Monavate and Baanx
Exodus appointed receivers in the UK to take control of Monavate and Baanx, three subsidiaries of borrower W3C Corp, after W3C defaulted on a $70 million secured loan. The loans were declared payable on demand on April 13 and repayment was demanded on April 27; AlixPartners partners were appointed to oversee the receivership and the subsequent sale of the shares.
Key figures
- Secured loan amount usd
- 70000000
AI analysis
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