Wall Street Banks Step Up to Finance Musk’s Pursuit of Twitter
- Barclays, Bank of America, Mizuho, Citi make debt commitments
- Banks planning to contribute $25.5 billion in financing
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Wall Street banks, and some international ones too, showed up in force to back Elon Musk’s run to buy Twitter Inc.
In all, $25.5 billion would come in the form of multiple types of debt from a dozen banks across Wall Street and the rest of the world, according to a regulatory filing Thursday. Morgan Stanley, Musk’s adviser, has pledged to provide the biggest chunk: about $5.5 billion.