"pending receipt of the proceeds of the debt financing contemplated thereby"
Not equity. And probably at worse rates than could have been obtained in April.
Not equity. And probably at worse rates than could have been obtained in April.
If they cant shift it off to the market they will just stick it in the trading book.
They may have to resell some of it at, say, 14% to get some of the risk off their books.
$20 billion cash from Musk, $6.25 billion in personal bank loans to Musk (he is hooking his Tesla stocks)
Rest is senior secured bank loans and subordinated debt loaned against Twitter stock. The cost of the debt is about $1 billion per year if I remember correctly.
> In conclusion, Elon Musk's Twitter purchase will have to be heavily financed by someone else in order for him to complete it.
> In May, according to an SEC filing, Musk's Twitter buy was most heavily subsidized by Saudi Prince Al Waleed bin Talal Al Saud
Not a great sign for activists using Twitter speaking out against the Saudi government, just based on what has happened already in the past.