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I find it interesting too. I guess it's the idea of all that money moving around and how it's done. "mega loan" is my term. I just didn't have any other term
by WheelsAtLarge 5y ago
I find it interesting too. I guess it's the idea of all that money moving around and how it's done.
"mega loan" is my term. I just didn't have any other term for the super super large loans.
'Its unlikely one bank will make the complete loan, is it also impossible?" Don't really know but any one bank that would make a loan that size would carry too much risk and would have to answer to someone on why they would make the loan and take such risk.
"And what percentage of the loan do you think the service fees will be?" I've heard of 1-3% for a $100 million loan. For $43B it would be less but it would be negotiated. I bet Musk would fight for every dollar.
"How common is a mega loan?" These type of loans are few and rare and there are only a handful of companies that can arrange them. Morgan Stanley is advising Musk.
Here's an article I read regarding who he picked.
https://www.bloomberg.com/news/articles/2022-04-14/goldman-sachs-morgan-stanley-face-off-on-musk-bid-for-twitter https://www.bloomberg.com/news/articles/2022-04-14/goldman-s...