Reply to Elon Musk buys $3 billion stake (9.2%) in Twitter and is now the platform's largest shareholder

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]^^ Elon Musk unveils $46bn financing package to fund Twitter bid | Financial Times[/quote]

With a bunch of equity financing.  Hardly the all cash offer he tweeted about.[/quote]

$25B in debt and $21B in equity. That is a massive amount of debt he would saddle onto Twitter, no way that the platform can service that debt. You'd have to be nuts to buy that debt. [/quote]

"$13 billion in financing to the Reporting Person and related entities as follows: (a) a senior secured term loan facility in an aggregate principal amount of $6.5 billion, (b) a senior secured revolving facility in an aggregate committed amount of $500 million, (c) a senior secured bridge loan facility in an aggregate principal amount of up to $3 billion and (d) a senior unsecured bridge loan facility in an aggregate principal amount of up to $3 billion . . .$12.5 billion in margin loans [and] the Reporting Person has committed to provide equity financing . . .expected to be approximately $21 billion""

Kind of a crap financing plan.

Also kind  of interesting to note that none of the legal heavy-hitters are representing him.  McDermott Will out of Chicago.  Certainly no slouch, but not the M&A A Team.[/quote]

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