Musk guarantees lenders of $13bn, dismisses concerns over X’s sinking debt

By Kingsley Odii Banks who provided a $13 billion loan for Elon Musk’s leveraged buyout of Twitter, now known as X, are facing potential losses on the debt despite Musk’s guarantees that they would not lose any money on the deal. According to sources familiar with the matter, Musk verbally reassured the lenders that their […] The post Musk guarantees lenders of $13bn, dismisses concerns over X’s sinking debt appeared first on Marketing Edge Magazine.

  Business   Dec 19, 2023   0   49  Add to Reading List
Musk guarantees lenders of $13bn, dismisses concerns over X’s sinking debt

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By Kingsley Odii Banks who provided a $13 billion loan for Elon Musk’s leveraged buyout of Twitter, now known as X, are facing potential losses on the debt despite Musk’s guarantees that they would not lose any money on the deal. According to sources familiar with the matter, Musk verbally reassured the lenders that their […]

The post Musk guarantees lenders of $13bn, dismisses concerns over X’s sinking debt appeared first on Marketing Edge Magazine.

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