Zhu Su: Wildcat looks fine, it's basically short-term commercial paper issued by market makers and other entities

星球日报
星球日报|Mar 12, 2025 11:56
Odaily Planet Daily News: Zhu Su wrote on X platform that Wildcat's unsecured lending agreements look completely fine, they are basically short-term commercial paper issued by market makers (MMs) and other entities, and floating prices are a great innovation. In fact, if this agreement had existed in the previous cycle, Three Arrows Capital would have been much easier to restructure because its credit could be traded on the open market and its assets could be used to repurchase debt.
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