US banks sell final part of debt from Musk's X buyout: Report
A group of banks including Morgan Stanley, Bank of America and Barclays sold final piece of debt tied to Elon Musk's $44-billion buyout of X (formerly Twitter), Reuters reported. Loans worth $1.2-billion have been sold at 98 cents on the dollar, paying a yield of 9.5%. Morgan Stanley and six other lenders had participated in buyout, lending Musk $13 billion.