Morgan Stanley Finalizes Sale of 3 Billion USD in X Holdings Corp Debt
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Morgan Stanley is selling 3 billion USD in debt for X Holdings Corp as part of efforts to offload loans tied to Elon Musk's purchase of a social media platform.
Morgan Stanley is finalizing the sale of another 3 billion USD of X Holdings Corp. debt, making further progress in a years-long effort to offload loans that supported Elon Musk's tumultuous purchase of the social media platform.
The bank plans to sell the senior secured term loan, which carries a fixed rate of 9.5%, at no discount to face value after receiving more than enough demand from investors, according to people with knowledge of the matter, who asked not to be identified discussing private deal terms.
