Wall Street banks to sell billions in loans given to Elon Musk for ...
6 days ago · 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 …
Elon Musk email to X staff: ‘we’re barely breaking even’
6 days ago · Elon Musk told X employees that user growth is stagnant while banks prepare to sell off some of the billions in debt they hold from financing his Twitter purchase. ... Barclays, and …
Wall Street Banks Prepare to Sell Billions of Dollars of X Loans
Banks are getting ready to sell billions of dollars in debt borrowed by Elon Musk’s X, bringing Wall Street a step closer to exiting the nerve-racking deal that financed the social-media company ...
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 …
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 …
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 …
Elon Musk told lenders they would not lose money on Twitter deal
Dec 15, 2023 · Elon Musk privately told some of the bankers who lent him $13bn to fund his leveraged buyout of Twitter that they would not lose any money on the deal, according to five …
Elon Musk’s Twitter deal could tank the leveraged buyout market
Oct 21, 2022 · Elon Musk’s antics have made it hard for his banks — Morgan Stanley, Bank of America, and Barclays — to sell the debt required to do the Twitter deal.
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 …
Twitter makes first $300mn interest payment after Musk buyout
Jan 30, 2023 · Twitter has made its first $300mn interest payment on the $13bn of debt that Elon Musk used to buy the social media platform, according to people briefed on the matter. The …