Briefing

Musk’s Bankers Consider Replacing Twitter Debt With Tesla Margin Loans

By
Laura Mandaro
· · Source: Bloomberg

Elon Musk may replace some of the high-interest debt he used to finance his takeover of Twitter with new margin loans backed by Tesla stock, reported Bloomberg . The news outlet said bankers led by Morgan Stanley and Musk’s advisers have discussed a refinancing to lower the burden of the $13 billion in debt, which saddles the business with $1.3 billion in annual interest costs. An exodus of...

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