Big Law
Elon Musk Says He Has Secured $26.6 Billion to Finance a Twitter Acquisition
Tesla CEO Elon Musk said in a filing Thursday he has secured $46.5 billion in financing to buy Twitter — mostly with borrowed money.
The filing shows a group of banks led by Morgan Stanley is prepared to lend Musk $25.5 billion, including a separate $12.5 billion loan pledged to the value of Musk’s Tesla shares.
Musk in turn would provide $21 billion in equity financing.
