Banks financing Musk's Twitter deal face hefty losses - Yahoo …

Oct 5, 2022 · Elon Musk's U-turn on buying Twitter Inc could not have come at a worse time for the banks funding a large portion of the $44 billion deal and they could be facing significant …

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Banks Financing Musk's Twitter Deal Face Hefty Losses - Yahoo …

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Oct 5, 2022 · Elon Musk's U-turn on buying Twitter Inc could not have come at a worse time for the banks funding a large portion of the $44 billion deal and they could be facing significant …

yahoo.com

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Elon Musk's $44 Billion Twitter Purchase Ranks As Worst Deal For …

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Aug 20, 2024 · Banks moved to finance the deal partly because Musk and his backers contributed $30 billion for the Twitter acquisition as a cushion for the debt if the deal soured, the report …

morningstar.com

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Banks Financing Musk’s Twitter Deal Face Hefty Losses - CNBC

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Oct 5, 2022 · Elon Musk's U-turn on buying Twitter could not have come at a worse time for the banks funding a large portion of the $44 billion deal.

cnbc.com

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Exclusive: The Banks That Funded Elon Musk’s $44 Billion Twitter …

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Oct 6, 2023 · Exclusive: The banks that funded Elon Musk’s $44 billion Twitter deal may have a ‘sell-down letter’ to prevent them from breaking ranks Shawn Tully Fri, Oct 6, 2023, 11:57 AM …

yahoo.com

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Big Banks Financing Elon Musk's Twitter Deal Face Losses: Reuters ...

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Oct 5, 2022 · The banks that lined up $12.5 billion in financing for Elon Musk's Twitter deal reportedly facing steep losses as appetite for riskier debt sours Carla Mozée 2022-10 …

businessinsider.com

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Musk Proceeding With Twitter Deal Leaves Banks Choking On Debt

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Oct 5, 2022 · But debt markets have since plunged, spiking bond yields and forcing debt buyers to scatter. Yields on CCC-rated bonds have surged to more than 15%, meaning the banks face …

axios.com

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ANALYSIS-Musk's Banks May Have A Way To Cut Losses From Twitter …

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Oct 11 (Reuters) - Elon Musk's banks, faced with huge losses on their commitment to finance the $44 billion buyout of Twitter Inc TWTR.N, may not be able to back out of the deal easily but …

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Twitter Deal Tests Banks’ Resolve As They Brace For Big Losses

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Oct 7, 2022 · Elon Musk’s $44bn takeover of Twitter was meant to be one of the ultimate bounties for Wall Street lenders, with seven banks tripping over one another to lend $13bn to fund the …

megatrendinvestments.com

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Banks Financing Musk's Twitter Deal Face Hefty Losses

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Oct 5, 2022 · Elon Musk's U-turn on buying Twitter Inc could not have come at a worse time for the banks funding a large portion of the $44 billion deal and they could be facing significant …

reuters.com

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Elon Musk’s Twitter Takeover Is Now The Worst Buyout For Banks …

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The $13 billion that Elon Musk borrowed to buy Twitter has turned into the worst merger-finance deal for banks since the 2008-09 financial crisis. The seven banks involved in the deal, …

msn.com

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Banks No Longer Happy With Twitter Deal - Leaders.com

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Oct 5, 2022 · The banks were already facing big losses considering they promised a maximum interest rate of about 11.75% on the unsecured bond portion but CCC debt now trades on …

leaders.com

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Musk’s Debt Bankers Would Avoid Steep Losses If Deal Fails

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Jul 11, 2022 · Banks are usually upset when large leveraged buyouts fall apart because of the hefty fees they generate. But Elon Musk’s decision to back out of a $44 billion bid for Twitter …

bloomberg.com

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Banks Financing Musk's Twitter Deal Face Hefty Losses

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Oct 5 (Reuters) - Elon Musk's U-turn on buying Twitter Inc TWTR.N could not have come at a worse time for the banks funding a large portion of the $44 billion deal and they could be facing ...

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Banks Face Big Losses Selling Twitter Deal Debt - The Wall Street …

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Oct 6, 2022 · Banks are looking at an estimated $500 million in losses if they try to sell all $13 billion of the debt that they agreed to provide to help fund Elon Musk's purchase of Twitter. …

wsj.com

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Musk's Banks May Have A Way To Cut Losses From Twitter Deal

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Oct 11, 2022 · Elon Musk's banks, faced with huge losses on their commitment to finance the $44 billion buyout of Twitter Inc , may not be able to back out of the deal easily but they might have …

reuters.com

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Banks Financing Musk's Twitter Deal Face Hefty Losses

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Oct 5, 2022 · Elon Musk's U-turn on buying Twitter Inc. could not have come at a worse time for the banks funding a large portion of the $44 billion deal, and they could be facing significant …

thehindu.com

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Analysis-Why The Banks Financing Musk's Twitter Deal Are Unlikely …

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Aug 5, 2022 · The banks that agreed to finance Elon Musk's $44 billion acquisition of Twitter Inc have a financial incentive to help the world's richest person walk away but would face long …

yahoo.com

FAQs about Banks financing Musk's Twitter deal face hefty losses - Yahoo … Coupon?

Why did banks move to finance a Twitter deal?

Banks moved to finance the deal partly because Musk and his backers contributed $30 billion for the Twitter acquisition as a cushion for the debt if the deal soured, the report said. The losses on banks' balance sheets from the deal are also biting into potential bonuses for some bankers, the report said. ...

Will Elon Musk's U-turn on buying Twitter hurt banks?

Oct 5 (Reuters) - Elon Musk's U-turn on buying Twitter Inc could not have come at a worse time for the banks funding a large portion of the $44 billion deal and they could be facing significant losses. As in any large acquisition, banks would look to sell the debt to get it off their books. ...

What's going on with Twitter debt?

Noting other recent high-profile losses for banks in leveraged financing, more than 10 bankers and industry analysts told Reuters the outlook was poor for the banks trying to sell the debt. The Twitter debt package is comprised of $6.5 billion in leveraged loans, $3 billion in secured bonds, and another $3 billion in unsecured bonds. ...

What if banks tried to sell Twitter debt?

But the terms of the financing were set in April when Musk first made an offer for Twitter and the market for such debt has collapsed since then. That means if banks tried to sell the debt now, they would have to do so at a loss to entice investors to take it off their hands. ...

How did Twitter loans affect investment banking?

The Twitter loans, along with other hung deals, helped knock some banks’ standing in the investment banking league tables, a closely watched ranking of their market share. The rankings are a major part of how banks market themselves to customers and can impact compensation. ...

How much is Twitter's debt package?

The Twitter debt package is comprised of $6.5 billion in leveraged loans, $3 billion in secured bonds, and another $3 billion in unsecured bonds. “From the banks’ perspective, this is less than ideal,” said Wedbush Securities analyst Dan Ives. “The banks have their backs to the wall - they have no choice but to finance the deal.” ...