Wall Street banks to sell billions in loans given to Elon Musk for ...
2 days ago · Morgan Stanley, Bank of America, Barclays, X and Elon Musk did not immediately respond to requests for additional comment. Banks typically sell such loans to investors soon after a deal is done ...
Elon Musk email to X staff: ‘we’re barely breaking even’
2 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 Morgan Stanley ...
Wall Street Banks Plan to Sell $3 Billion of Elon Musk’s X Debt
1 day ago · The debt stems from Musk's $44 billion acquisition of X in 2022, financed by lenders including Bank of America and Barclays. The banks aim to recover 90 to 95 cents on the dollar, according to the ...
Morgan Stanley prepares for $3 billion debt sale of Elon Musk's …
2 days ago · Morgan Stanley prepares for $3 billion debt sale of Elon Musk's social-media platform - WSJ. Editor Louis Juricic. ... (NYSE: MS), Bank of America, and Barclays (LON: BARC), are gearing up to sell ...
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"...
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...
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 public or private debt markets...
What Were Elon Musk’s Lenders Thinking? - The Atlantic
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.
Banks that funded Elon Musk's X takeover are in major ... - Firstpost
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 …