Morgan Stanley Boosts X Debt Sale

Morgan Stanley Sells $5.5 Billion of X Debt on Demand Surge
A group of Morgan Stanley-led banks is selling $5.5 billion of debt tied to Elon Musk’s social-media platform X after receiving stronger-than-expected demand from investors, according to people with knowledge of the matter.
Morgan Stanley selling US$5.5 billion of X debt
The Wall Street firms got stuck with US$13 billion of debt that Musk heaped on X during his surprise bid to take it private in 2022. While banks typically try to resell debt they commit to fund an acquisition quickly, investors balked in this case after Musk upended X’s business, laid off staff and sparked a steep revenue decline.
Morgan Stanley boosts X debt sale, Bloomberg reports
A group of Morgan Stanley (MS)-led banks is set to increase a sale of loans tied to Elon Musk’s social media platform X after receiving
Morgan Stanley Boosts X Debt Sale as Investors Embrace Musk Bet
A group of Morgan Stanley-led banks is set to substantially increase a sale of loans tied to Elon Musk’s social-media platform X after receiving stronger-than-expected demand from investors, according to people with knowledge of the matter.
Morgan Stanley increase $3 billion X loan sales
Morgan Stanley and a group of lenders have increased the sale of $3 billion in loans tied to social media platform X. The platform is intrinsically linked to billionaire Elon Musk, who sat second on the 2024 Forbes Rich List.
Morgan Stanley-led banks to upsize Elon Musk's X bond sale
A consortium of banks guided by Morgan Stanley (NYSE:MS) is preparing to significantly expand the sale of loans linked to Elon Musk's social media platform, known as X. This decision comes in response to greater-than-anticipated demand from investors,
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Morgan Stanley to increase sale of loans tied to Musk's X, Bloomberg News reports
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