Elon Musk’s bankers are considering replacing some of the high-interest debt he layered on Twitter Inc. with new margin loans backed by Tesla Inc. stock that he’d be personally responsible for re-paying, according to people with knowledge of the matter.
The margin loans are one of several options the Morgan Stanley-led bank group and Musk’s advisers have discussed to soften the burden of the $13 billion of debt that Musk used to purchase the social media company in October, said the people, who asked not to be identified because the discussions are confidential.
