Elon Musk Reveals $46.5 Billion Financing Package for Twitter Bid

Posted on 04/21/2022


Elon Musk, a prolific user of Twitter, revealed how he is going to pay for Twitter Inc. Elon Musk lined up about US$ 25.5 billion in debt financing from Morgan Stanley and other financial institutions, according to a regulatory filing, as well as pledging to contribute an additional $21 billion of his own money through equity financing.

Financing Participants AMOUNT USD
Debt – Term loan Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho, Societe Generale 65,000,000
Debt – Revolving facility Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho, Societe Generale 500,000,000
Debt – Secured bridge loan Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho, Societe Generale 3,000,000,000
Debt – Unsecured bridge loan Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho, Societe Generale 3,000,000,000
Debt – Margin loan Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho, Societe Generale, Credit Suisse, Citigroup, Deutsche Bank, RBC and CIBC – all secured against Musk’s ownership of Tesla stock 12,500,000,000
Equity Commitment* Elon Musk 21,000,000,000
Total   46,500,000,000

Source: SEC Filings.

SEC LINK: https://www.sec.gov/Archives/edgar/data/1418091/000110465922048128/tm2213229d1_sc13da.htm

The three entities buying Twitter include: X Holdings I, Inc., X Holdings II, Inc., and X Holdings III, Inc. (all controlled by Elon Musk).

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