Reported about 10 hours ago
Morgan Stanley is set to finalize the sale of $3 billion in debt from X Holdings Corp. as part of an ongoing effort tied to Elon Musk’s acquisition of the platform. The bank will sell a senior secured loan with a 9.5% fixed rate without any discount due to strong investor demand. This transaction marks the third in a series of recent sales totaling $9.5 billion in X debt, showcasing a significant turnaround in investor sentiment following initial concerns about the financing of Musk’s purchase.
Source: YAHOO