Story perspectives

Investors Eye $5.5 Billion Musk-Backed Twitter Debt Sale

2/6/2025

25 6

Summary

Story summary

Morgan Stanley and banks sold $5.5 billion of $13 billion in debt from Elon Musk's 2022 Twitter acquisition.
The debt sold at 97 cents on the dollar, offering an 11% yield to investors.
Increased investor interest is driven by Musk's political ties and returning advertisers, despite revenue worries.
X anticipates $1.2 billion in adjusted EBITDA for 2024, while Musk admits user growth challenges.
Banks retain $6 billion in riskier debt from the acquisition.

1 of 1

Story summary

Morgan Stanley and banks sold $5.5 billion of $13 billion in debt from Elon Musk's 2022 Twitter acquisition.
The debt sold at 97 cents on the dollar, offering an 11% yield to investors.
Increased investor interest is driven by Musk's political ties and returning advertisers, despite revenue worries.
X anticipates $1.2 billion in adjusted EBITDA for 2024, while Musk admits user growth challenges.
Banks retain $6 billion in riskier debt from the acquisition.