Justice family companies offer $300 million, half of Bluestone value to repay Swiss loans

[Lasher]

Gov. Jim Justice confirmed on Monday that his family's coal company had offered Credit Suisse $300 million and half of the value of the Justices' coal companies in order to settle about $740 million in outstanding loans with the company.

Justice had not read a Wall Street Journal report about the proposal, but he said the details of the report sounded “pretty accurate” when asked about the report during his thrice weekly COVID-19 briefing Monday morning.

Executives for the Justice family's companies have been in talks with the Swiss-based Credit Suisse at least since May following the downfall of U.K.-based Greensill Capital, which loaned the Justice family companies $850 million in May 2018.

Justice said Monday his family's businesses were doing well and that representatives with Credit Suisse and Justice's Bluestone Resources were “working along really, really well.”

https://www.wvgazettemail.com/news/politics/justice-family-companies-offer-300-million-half-of-bluestone-value-to-repay-swiss-loans/article_b36c485b-4bd9-5712-bb3d-b953f4392367.html

Oh look, Justice isn't a billionaire anymore.

[marble falls]

1. 45 doesn't like losers.