Banks sell down $7.5 billion of Musk’s X debt to investors: Source
2 days ago · NEW YORK - Banks led by Morgan Stanley have sold US$5.5 billion (S$7.5 billion) of some US$13 billion of debt they lent to support Elon Musk’s US$44 billion acquisition of Twitter, now called X ...
Banks sell down $5.5 billion of Musk's X debt to investors, source …
2 days ago · NEW YORK (Reuters) -Banks led by Morgan Stanley have sold $5.5 billion of some $13 billion of debt they lent to support Elon Musk's $44 billion acquisition of Twitter, now called X, in 2022, said ...
Wall Street banks offload $5.5bn in debt linked to Elon Musk’s …
2 days ago · Wall Street banks saddled with debt from Elon Musk’s $44bn takeover of Twitter sold large chunks of the loan package to investors on Wednesday, allowing a number of lenders to exit one of the ...
Elon Musk: Banks offload $8.8b in debt linked to Twitter takeover
1 day ago · New York | London | Wall Street banks saddled with debt from Elon Musk ... Barclays, BNP Paribas and SocGen declined to comment, while the two other banks did not respond to requests for comment.
Exclusive: The banks that funded Elon Musk’s $44 billion Twitter …
Oct 6, 2023 · To fortify their position, Morgan Stanley, Barclays, and Bank of America, lenders that combined furnished almost 70% of the financing, have agreed to what's known as a joint "sell-down letter"...
Wall Street banks to sell billions in loans given to Elon Musk for ...
Jan 24, 2025 · Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said Friday....
Elon Musk’s Twitter deal may be the worst leveraged buyout deal …
Aug 20, 2024 · Elon Musk’s purchase of Twitter could go down as the worst leveraged buyout (LBO) deal for banks since the 2008 global financial crisis in the latest worrying sign the deal is proving costly...
Elon Musk’s Twitter deal may be the worst leveraged buyout
Aug 20, 2024 · Elon Musk’s purchase of Twitter could go down as the worst leveraged buyout (LBO) deal for banks since the 2008 global financial crisis in the latest worrying sign the deal is proving costly...
Twitter deal tests banks’ resolve as they brace for big losses
Oct 7, 2022 · The banks, including Bank of America, Barclays, and Japanese bank and Morgan Stanley-investor MUFG, are not expected to attempt to raise $12.5bn of the debt through public or private debt markets...
Elon Musk's Lenders Expect to Lose $2 Billion on Twitter Debt: …
Oct 26, 2023 · Wall Street helped Elon Musk buy Twitter last year by loaning him $13 billion. The banks are now preparing to unload the debt, and expect to take a 15% hit, per the WSJ. The biggest lenders like...