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"...

3 days ago · Bank of America and Barclays are two other big lenders that helped Musk make the $44bn Twitter purchase in 2022, which needed $13bn in financing. ... Elon Musk and President Donald Trump attend an ...

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...

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 biggest lenders...

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...

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 people familiar with the...

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 …

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 ...

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.

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...