Twitter Deal Could Saddle Banks With Hundreds of Millions in Losses

Elon Musk’s takeover of Twitter would be paid for in part with $13 billion of debt seven banks including Morgan Stanley and Barclays agreed to provide. They could now face $500 million in losses if they tried to unload all the debt.

Oct 7, 2022 - 03:23
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Twitter Deal Could Saddle Banks With Hundreds of Millions in Losses
Elon Musk’s takeover of Twitter would be paid for in part with $13 billion of debt seven banks including Morgan Stanley and Barclays agreed to provide. They could now face $500 million in losses if they tried to unload all the debt.

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