Twitter has made its first interest payment on a loan that banks provided to help Finance Billionaire Elon Musk’s purchase of the social media company last year, According to Two People Familiar Matter.
Twitter Paid about $ 300 Million (Roughly Rs. 2,500 Crore)
The Financing was LED by Morgan Stanley, Bank of America, and Barclays.
The banks declined to comment, while Twitter and Musk did not immMIDIELY Respond to Reuters requests for comment.
The sources did not want to identified because the details of the payment are not public.
The banks providing $ 13 billion (roughly Rs. 1,10,000 Crore) in Financing Last Year for Tesla Ceo Musk‘S Acquisition of Twitter Abandoned Plans to Sell the Debt to Investors Fortunes and Losses and Losses, Reprands reporting petition Familaar White Familaar White
Morgan Stanley’s Chief Financial Officer Sharon Yeshaya Told Reuters This month the bank’s mark-to-market losses on corporate loans include Debt to Twitter.
Last Week, The Wall Street Journal Reported that Musk’s Team Has Been Exploring Using as Much as much as $ 3 billion (roughly Rs. 24,600 Crore) in New Fundraising to Help Repays in Debt Tact Onto Twitter for his buyout of the company, Citing People Familiar with the Matter.
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