Banks Offload Nearly All of Musk’s $13bn Twitter Buyout Debt, With Only $1.3bn Left as Investors Bet on X’s Future

Banks led by Morgan Stanley have offloaded another major chunk of the $13 billion debt that financed Elon Musk’s controversial $44 billion acquisition of Twitter (now X) in 2022, Reuters has reported, citing sources. The latest sale, completed on Thursday, involved $4.74 billion in secured loans that will mature in October 2029, marking a near-complete [...]The post Banks Offload Nearly All of Musk’s $13bn Twitter Buyout Debt, With Only $1.3bn Left as Investors Bet on X’s Future appeared first on Tekedia.

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