Banks Sell Final Piece of Elon Musk’s Twitter Buyout Debt 💬💸

A group of banks — including Morgan Stanley, Bank of America, Barclays, and Mitsubishi UFJ — has sold the final portion of debt tied to Elon Musk’s $44 billion acquisition of Twitter (now called X), according to a source speaking to Reuters.

🔹 Key Details:

• $1.2 billion in loans were sold at 98 cents on the dollar, with a 9.5% yield.
  
• Banks have now offloaded nearly all $13 billion in debt they had been holding for almost two years.
  
• Musk’s close ties to President Trump and improving revenue prospects for X helped facilitate the sale.
  
• The original financing included:
  
  • $6.5 billion secured term loan
    
  • $500 million revolving credit facility
    
  • $3 billion unsecured loan
    
  • $3 billion secured loans
    

Earlier this month, Reuters reported that Morgan Stanley was offering the last debt slice at a discounted price between 97.5 to 98 cents on the dollar.

Meanwhile, Musk recently revealed that his AI company, xAI, acquired X, valuing the platform at $33 billion.