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...

5 days ago · What was the composition of the credit provided by the banks to finance Elon Musk's Twitter buyout? The financing for the acquisition consisted of a $6.5 billion secured term loan and a $500 million revolving credit facility, according to Reuters.

Morgan Stanley and Bank of America are among the banks that plan to sound out investors in the coming days to buy portions of debt initially provided to Musk in 2022 to take over the social...

Aug 20, 2024 · The 2022 take-private deal for Twitter has left about $13 billion in 'hung' debt held by Bank of America, Morgan Stanley and other big lenders.

Aug 20, 2024 · As readers might recall, Elon Musk borrowed $13 billion from Morgan Stanley, Bank of America and five other major banks to help finance its $44 billion acquisition. According to the WSJ, the...

Mar 5, 2024 · Seven banks who have Elon Musk-related debt are trying to negotiate with Musk. They are discussing options that may make the debt less risky to hold.

Aug 21, 2024 · But things haven't worked out that way for Morgan Stanley, Bank of America, Barclays, and the four other large banks that collectively lent Musk $13 billion for his buyout of Twitter — now...

Oct 28, 2022 · The CEO of Bank of America doesn't appear worried about funding Elon Musk's Twitter takeover.

Oct 26, 2023 · Banks like Morgan Stanley, Bank of America, and Barclays lent Elon Musk over $13 billion to take over Twitter, now X. However, given Elon Musk’s antics and the fact that X’s value has dropped massively from the $44 billion Musk bought it …

Nov 23, 2022 · Morgan Stanley took the lead and organized a syndicate of banks—including Bank of America and Barclays—that committed to lending Musk $13 billion. The whole thing took less than a week.