April 24 (Reuters) - Morgan Stanley MS.N has launched a sale of the last $1.23 billion worth of debt tied to Elon Musk's $44 billion buyout of social media platform Twitter, now called X, Bloomberg News reported on Thursday, citing a person familiar with the matter.
Musk's close relationship to President Donald Trump and prospects of improving revenue of X have allowed banks to offload almost all of the $13 billion they had been holding on their books for nearly two years.
The fixed-rate loan is being offered at an interest rate of 9.5% and a discounted price of 97.5 to 98 cents on the dollar, Bloomberg News reported. Commitments on the deal are slated for April 28, the report said.
Morgan Stanley and X did not immediately respond to Reuters requests for comment.
The X acquisition was funded by a $6.5 billion secured term loan, a $500 million revolving credit facility, $3 billion unsecured loan and $3 billion of secured loans.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Saumyadeb Chakrabarty)
((ArasuKannagi.Basil@thomsonreuters.com;))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。