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Twitter Makes First Interest Payment on Musk Buyout Debt

First coupon was expected to cost Twitter around $300 million
Twitter paid a group of seven banks led by Morgan Stanley

Twitter headquarters in San Francisco. — Twitter headquarters in San Francisco.
Photographer: David Paul Morris/Bloomberg

By

Sridhar Natarajan,

Paula Seligson and

Gowri Gurumurthy

January 30, 2023, 6:10 PM UTCUpdated onJanuary 30, 2023, 7:07 PM UTC

Twitter Inc. made its first interest payment on the $12.5 billion in debt that Elon Musk used to take the social media giant private last year.

The company paid a group of seven banks, led by Morgan Stanley, which became stuck with the debt after they were unable to sell it to outside investors.