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Roula Khalaf, the editor of FT, selects his favorite story in this week’s newsletter.
Wall Street Bank was in debt from the acquisition of $ 44 billion of the $ 44 billion of the Jon Musk.
According to those who explained the issue, banks were able to sell $ 5.5 billion of term loans last week following the same debt of about $ 1 billion. The debt sold on Wednesday was off -road with a slight discount and sold for 97 cents for the dollar.
This transaction was a very important moment for a bank. Banks had to fund the acquisition of masks in 2022 after business ownership.
Banks, led by Morgan Stanley, Bank of America, and Barclays, have a $ 6 billion debt linked to the acquisition. MUFG, BNP PARIBAS, Mizuho, and Sociétégénérale also participated in the contract.
BOFA, Morgan Stanley, Barclays, BNP Paribas, and Socgen rejected comments, but the other two banks did not respond to comments.
Debt sales in the past two weeks have attracted a wide range of famous groups of famous groups, such as CITADEL, APOLLO GLOBAL Management, Pimco, and Diameter Capital. The group refused to comment.
Those who are familiar with this transaction that the investor’s desire for Twitter’s debt has been strengthened by the relationship between the mask and the US President Donald Trump, and the return of some advertisers who have retreated from the site before. I said. Considering that some hedge funds provided only 60 cents in the 2023 dollar to Morgan Stanley and others, it was proved to be the grace of salvation for the bank. Ta.
One of the money -making given the contract, in addition to the good time for banks to sell, refers to “ELON’s cache.” He is a FOP, President’s friend. “
This transaction appeared to fight the mask to restore X, and the advertiser fled from the platform with concerns about hand -off -a -plan for the risk of moderation and brand safety, and then restored to financial health. 。
However, this year, the company has been increasingly strengthened in the Trump administration, and this year, we have seen an increase in new business and partnerships this year. Amazon shows the data on the sensor tower after reducing the expenditure earlier when the advertiser pulled back in January that it promoted marketing expenditure.
