Musk’s representatives discussed selling up to US$3 billion in new Twitter shares in December.. Read more at straitstimes.com.
SAN FRANCISCO - Elon Musk’s team has been exploring using as much as US$3 billion in potential new fundraising to help repay some offor his buyout of the company, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
According to the report, Musk’s representatives discussed selling up to US$3 billion in new Twitter shares in December.The Tesla boss borrowed US$13 billion to close the Twitter acquisition in October from a syndicate of banks including Morgan Stanley and Bank of America Corp . Musk’s team has said to people familiar with the finances of the company that an equity raise, if successful, could be used to pay down an unsecured portion of the debt that carries the highest interest rate within the US$13 billion Twitter loan package, the report added. REUTERS
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Musk explores raising US$3 billion to pay off Twitter debt: WSJElon Musk's team has been exploring using as much as US$3 billion in potential new fundraising to help repay some of the US$13 billion in debt tacked onto Twitter Inc for his buyout of the company, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
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Musk explores raising US$3 billion to pay off Twitter debt: WSJElon Musk's team has been exploring using as much as US$3 billion in potential new fundraising to help repay some of the US$13 billion in debt tacked onto Twitter Inc for his buyout of the company, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. According to the repor
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Musk testifies Saudis backed taking Tesla private before backpedallingMusk is accused of defrauding investors, over a 2018 tweet that he had “funding secured” to take Tesla private. Read more at straitstimes.com.
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