“The repayments took place over a period of time, probably in 2017, probably all paid back by the end of 2017,” Giuliani said. “That and probably a few other situations that might have been considered campaign expenses.” Here he’s trying to say that the Daniels payment was different from campaign expenses — but he also admits that Cohen lent the campaign money in the form of expenses that Trump later repaid. Cohen isn’t listed in the campaign’s contribution or expenditure disclosures.
https://www.washingtonpost.com/news/politics/wp/2018/05/02/trump-repaying-the-stormy-daniels-money-doesnt-mean-there-were-no-campaign-finance-violations/?utm_term=.ba11843600e2