Exclusive-Musk's xAI is on track to raise $5 billion in fresh debt, following modest demand
Maria Simulescu
Edition: Singapore Indonesia Asia US/UK NEW YORK :Elon Musk's xAI is on track to close on a $5 billion debt raise led by Morgan Stanley, despite tepid investor demand, according to two people familiar with the matter. The $5 billion debt sale, which includes a floating-rate term loan, a fixed-rate loan and secured bonds, will be allocated to investors on Wednesday, the two people said, asking not to be identified because the deal is private. xAI didn't immediately respond to a request for
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