The Wall Avenue Journal (gated) with the report.
- Elon Musk’s staff has held talks with traders about elevating as much as $3 billion to repay a number of the $13 billion in debt tacked onto Twitter Inc. as a part of his buyout of the corporate, folks accustomed to the matter stated.
- Mr. Musk’s staff has stated to folks accustomed to the funds of the corporate that an fairness increase, if profitable, could possibly be used to pay down an unsecured portion of the debt that carries the very best rate of interest inside the $13 billion Twitter mortgage package deal, folks accustomed to the matter stated.
In case you can entry the Journal there may be extra element at that hyperlink above. In case you don;t have a WSJ subscription Reuters have distilled the gist right here:
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The concept beats dumping TSLA inventory onto hapless bagholder fan bois.
