US EditionBanks sell down more X debt; just $1.3 billion now left on their books
- Banks led by Morgan Stanley have sold $4.74 billion of secured loans that supported Elon Musk's acquisition of Twitter, now X, leaving $1.3 billion in unsecured loans on their books.
- The banks have nearly eliminated the $13 billion debt held since Musk's acquisition in 2022, according to a source with knowledge of the deal.
- Investors were attracted by exposure to X's stake in Musk's artificial intelligence startup xAI, as reported by a source.
7 Articles
7 Articles
Banks Sell Down More X Debt; Just $1.3 Billion Now Left on Their Books
US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. Track elected officials, research health conditions, and find news you can use in politics, business, health, and education.
Banks sell down more X debt; just $1.3 billion now left on their books
Banks led by Morgan Stanley have sold to investors another chunky portion of loans that formed the $13 billion debt supporting Elon Musk's $44 billion acquisition of Twitter, now X, in 2022, a source with knowledge of the deal said.
Banks sell down more X debt; just $1.3bln now left on their books
Banks led by Morgan Stanley have sold to investors another chunky portion of loans that formed the $13 billion debt supporting Elon Musk's $44 billion acquisition of Twitter, now X, in 2022, a source with knowledge of the deal said.On Thursday, they completed the secondary sale of $4.74 billion of secure
Sources: Wall Street banks led by Morgan Stanley have offloaded almost all the $12.5B in loans that Elon Musk used to buy Twitter, and now hold $1B+ in X debt
Financial Times: Sources: Wall Street banks led by Morgan Stanley have offloaded almost all the $12.5B in loans that Elon Musk used to buy Twitter, and now hold $1B+ in X debt — Investor perception of debt has changed since Donald Trump's election victory — Wall Street banks have rid themselves of almost …
Coverage Details
Bias Distribution
- 50% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
