The Wall Street Journal (gated) with the report.
- Elon Musk’s team has held talks with investors about raising up to $3 billion to repay some of the $13 billion in debt tacked onto Twitter Inc. as part of his buyout of the company, people familiar with the matter said.
- Mr. Musk’s team has said to people familiar with the finances of the company that an equity raise, if successful, could be used to pay down an unsecured portion of the debt that carries the highest interest rate within the $13 billion Twitter loan package, people familiar with the matter said.
If you can access the Journal there is more detail at that link above. If you don;t have a WSJ subscription Reuters have distilled the gist here:
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The idea beats dumping TSLA stock onto hapless bagholder fan bois.
