Twitter makes first interest payment on Musk buyout debt – Bloomberg News

Twitter makes first interest payment on Musk buyout debt - Bloomberg News

(Reuters) -Twitter Inc has made its first interest payment under Elon Musk after the billionaire took the social media company private last year using about $12.5 billion of debt, Bloomberg News reported on Monday, citing people with knowledge of the matter.

The Tesla boss borrowed $13 billion to close the Twitter acquisition in October from a syndicate of banks including Morgan Stanley and Bank of America Corp.

Twitter paid a group of seven banks, led by Morgan Stanley, which became stuck with the debt after they were unable to sell it to outside investors, the report added. Twitter, Musk and Morgan Stanley did not immediately respond to Reuters requests for comment.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Shailesh Kuber and Devika Syamnath)

USD/JPY Forecast – US Dollar Continues to Find Tentative SupportFederal Reserve and NFP – A Busy Week Ahead for TradersNatural Gas, WTI Oil, Brent Oil – Oil Markets Slide As OPEC+ Cancels Technical Committees MeetingGBP/JPY Forecast – British Pound Continues to Find Buyers On Dips Against Japanese YenRambus Stock Shows Big AccumulationGold, Silver, Platinum – Traders Stay Cautious Ahead Of The Fed MeetingLoadingLoadingLoading