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Musk locked in the rates in April. The banks who offered that financing are going to take a 100MM+ hit off of the deal going through.
by HWR_14 4y ago
Musk locked in the rates in April. The banks who offered that financing are going to take a 100MM+ hit off of the deal going through.
- shapefrog 4y agoLocked in rates at 12%. If they cant shift it off to the market they will just stick it in the trading book.
- HWR_14 4y agoI mean, if they cannot shift it to the markets, it's because the markets think its not worth what they paid for it. And it's a lot of risk and capital to tie up themselves. They may have to resell some of it at, say, 14% to get some of the risk off their books.