Twitter Makes First Interest Payment on Musk Buyout Debt
- First coupon was expected to cost Twitter around $300 million
- Twitter paid a group of seven banks led by Morgan Stanley
Twitter headquarters in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Twitter Inc. made its first interest payment on the $12.5 billion in debt that Elon Musk used to take the social media giant private last year.
The company 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.