Musk secures $46.5B financing for Twitter bid, explores potential tender offer
Musk is exploring whether to commence tender offer and is prepared to begin negotiations immediately
By Arghyadeep Dutta
Published - Apr 21, 2022, 09:31 PM ET
Last Updated - Feb 22, 2024, 03:35 PM EST
Tesla boss to commit $33.5 billion of his own money, and Morgan Stanley to provide $13 billion in debt to finance potential deal
Elon Musk on Thursday said he has secured $46.5 billion in debt and equity financing to buy Twitter Inc (NYSE: TWTR) and is planning to take his offer directly to shareholders.
In an SEC filing, Musk said he would be committing $33.5 billion of his own money, including $21 billion of equity and $12.5 billion of margin loans from Morgan Stanley against some of his Tesla Inc (NASDAQ: TSLA) shares, to finance the transaction.
Multiple financial institutions, including Morgan Stanley, have also agreed to provide another $13 billion in debt secured against Twitter itself, the filing said.
