Banks sell down $5.5 bln of Musk's X debt to investors - source
ReutersFeb 5, 2025 7:10 PM
Feb 5 (Reuters) - Banks led by Morgan Stanley MS.N have sold $5.5 billion of some $13 billion of debt they lent to support Elon Musk's $44 billion acquisition of Twitter, now called X, in 2022, said a source with knowledge of the deal.
The acquisition was funded by a $6.5 billion secured term loan, a $500 million revolving credit facility, $3 billion unsecured loan and $3 billion of secured loans.
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