Wall Street banks prepare sale of up to $3 billion in X loans next week, sources say
Tehnologie
:Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said on Friday. Morgan Stanley bankers have reached out to investors ahead of a planned sale next week, the people added. The bank and others, such as Bank of America and Barclays, had lent to Musk to complete his $44 billion buyout of X, formerly known as Twitter, in 2022. Banks expect to get 90 to 95 cents on the
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