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That’s not true. Most of the debt was leveraged against Twitter, it’s a classic LBO. The investment banks have been attempting to change that to a margin loan
by kasey_junk 4y ago
That’s not true. Most of the debt was leveraged against Twitter, it’s a classic LBO.
The investment banks have been attempting to change that to a margin loan against TSLA shares, because of course they are. They are holding effectively unsellable debt now.
- adrr 4y ago$13B of debt. https://www.nytimes.com/2022/10/30/technology/elon-musk-twitter-debt.html https://www.nytimes.com/2022/10/30/technology/elon-musk-twit...
- fooey 4y agoYeah, $13 billion being the generous side of the very most Twitter was ever actually worth, so that's the all the banks were willing to finance Musk himself is personally on the hook for $25 billion