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Morgan Stanley-led Wall Street banks free books from X buyout debt
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Wall Street banks have finally gotten Twitter’s buyout debt off their balance sheets.A group of banks led by Morgan Stanley sold the last piece of debt tied to Elon Musk’s social-media platform, now known as X Holdings Corp., which cost $44 billion, including $13 billion of debt.
The banks were able to sell the final slug on Monday, a $1.23 billion portion that saw huge demand.
The lenders had been stuck with the about $13 billion of debt since Musk’s acquisition in 2022. While the banks had tried to sell the financing immediately after,…
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