Elon Musk in Talks to Raise $3 Billion for Twitter's Buyout Debt

CEO Elon Musk'sTwitteris looking to raise up to $3 billion to pay down its current debt of over $13 billion. According to theWall Street Journal, Musk and his team have spoken with investors about repayment plans. The unsecured portion of the loan package carries the highest interest rate, andMuskreportedly wants to have a deal finalized by the end of this year.

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However, some potential investors have raised concerns overTwitter's financial performance, potentially damaging Musk's plans. Banks that had originally issued the debt were not expecting such a high level of risk and have taken on more than $2 billion in other commitments, including term loans and secured debts.

《华尔街日报》报道,银行还没有收到mal notice from Musk's team regarding repayment plans. This uncertainty has caused a great deal of concern amongst stakeholders, particularly those who had invested in the company's debt expecting to be able to sell it.

So, there's some uncertainty regarding the future ofTwitterand its debt repayment plans. Musk and his team will likely continue to work with investors to reach a feasible solution. Only time will tell if they will succeed in their endeavors or need to find an alternative way to repay their debt. Regardless, Musk may have his work cut out as he attempts to secure a deal by the end of this year.