are lining up behind Elon Musk’s US$43-billion bid for Twitter Inc.
The largest loan in the Twitter financing is a US$12.5-billion facility backed by Mr. Musk’s shares in Telsa. The package also includes an unsecured US$3-billion bridge loan - credit with no collateral - and a US$6.5-billion term loan. The risks that come with each level of debt are reflected in the interest rates the banks are charging Mr. Musk.
This is the lowest-cost debt in the Twitter financing package, and therefore the least risky loan. RBC’s analyst who follows Tesla currently has a US$1,175-per-share target price on auto maker, which is 18 per cent higher than where Tesla shares were trading on Monday.
Really?
acoyne Poor choice for the Canadian banking oligopoly
CIBC is based? cibc
WTF!!!
acoyne 'lowest risk loan' for Elon Musk for Twitter?
acoyne Glad I don’t support either of those
Sounds abour the right fit for these two banks, among all the orher Canadian banks.
There’s always a buck to be made for the capitalists
SK8Wireless This has got to be some kind of sick, twisted prank.
Good on em
Glad I don't bank with them! RBC cibc
Too bad....
WTF?!!!? RBC