Banks financing Musk's Twitter deal to not sell debt to investors: Report | #shorts #news

Actual Information | Banks financing Musk's Twitter deal to not sell debt to investors: Report | #shorts #news

Banks providing $13 billion in financing for billionaire Elon Musk's acquisition of Twitter have abandoned plans to sell the debt to investors because of uncertainty around Twitter's fortunes and losses, Reuters reported. Banks are reportedly planning to keep the debt on their balance sheets until there's more investor interest. Debt package for the Twitter deal is comprised of junk-rated loans.

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#Twitter #Billionaire #ElonMusk #Reuters #Debt # package #newslive

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