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Stake cryptos to earn in PoS products
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New
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GUSD Minting
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City Electric Group Limited Closes $1.25 Billion Senior Secured Global Asset-Based Revolving Credit Facility Led by Wells Fargo
City Electric Group Limited (CEG) has successfully closed a $1.25 billion senior secured global asset-based revolving credit facility, with Wells Fargo acting as the agent. This strategic financing strengthens CEG’s financial foundation, providing increased liquidity and flexibility to support its global operations and continued investment in its branch network. The new facility consolidates previous separate financings into a single agreement, reflecting strong market confidence in CEG’s growth strategy.