Morgan Stanley, Banks Shed Bulk of X Debt With $4.7 Billion Deal
Morgan Stanley and six other banks sold $4.74 billion of X Holdings Corp. debt, allowing the lenders to finally rid themselves of the bulk of their exposure to the financing they arranged for Elon Musk’s 2022 purchase of the social-media platform.
Morgan Stanley to offload another $3B of debt from Musk's X
Morgan Stanley advised Musk on the purchase, led the financing and sales and also held the largest chunk of X debt. Other holders include Bank of America Corp., Barclays Plc, Mitsubishi UFJ Financial Group Inc., BNP Paribas SA, Mizuho Financial Group Inc. and Societe Generale SA.
Elon Musk's close ties to the president is one factor enticing advertisers to return and investors to buy its debt.
Bank of America, Barclays (LON:BARC), Mitsubishi UFJ (NYSE:MUFG), BNP Paribas (OTC:BNPQY), Mizuho (NYSE:MFG), and Societe Generale (OTC:SCGLY), have sold a substantial portion of the $13 billion debt ...
Wall Street banks led by Morgan Stanley (MS) are close to offloading another $3 billion in debt relating to Elon Musk’s purchase of ...
Banks led by Morgan Stanley have sold $5.5 billion of some $13 billion of debt they lent to support Elon Musk's $44 billion ...
The sales mark a surprising turnaround for what had initially been seen as an ill-fated financing of Musk's 2022 takeover of ...
Un grupo de bancos liderado por Morgan Stanley aumentará sustancialmente la venta de préstamos vinculados a la plataforma de ...
A group of Morgan Stanley-led banks is set to increase a sale of loans tied to Elon Musk's social media platform X after ...
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