Business Maverick: Musk’s Twitter Financing Plan Raises Questions About Tesla Stake

📆 2022-04-22 오전 4:33:00
📰 dailymaverick

⏱ Reading Time:
17 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 84%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Elon Musk says he’s secured $46.5 billion in funding for a takeover of Twitter Inc. But more than two-thirds of that is either coming from his own pocket or borrowing against his Tesla shares.

Musk’s filing with the U.S. Securities and Exchange Commission on Thursday details $25.5 billion in debt financing from Morgan Stanley and other financial institutions, including margin loans backed by his equity stake in Tesla Inc. It also includes $21 billion in equity financing to be provided by Musk himself.Musk currently has about $3 billion in cash or other somewhat liquid assets after spending $2.6 billion buying a 9.1% stake in Twitter in recent months, according to Bloomberg estimates.

Musk would need to pledge about 58.7 million Tesla shares to secure the $12.5 billion margin loan facility included in the debt financing. That would bring the total percentage of shares he’s pledged to about 85% of his holdings. The margin loan facility documents do allow Musk to sell his unpledged Tesla shares.

댓글 쓰기

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Business Maverick: Netflix Craters After Shock Subscriber Drop, ‘About-Face’ on AdsNetflix Inc. investors punished the company for its shock loss in subscribers and abrupt turnabout to embrace advertising after years of shunning it. Not a single thought on content😳 I have always hated Bitcoin and thought it was a scam until a friend referred me to _ambreymarcus1, I made my first withdrawal of R100,000 in 2 weeks thanks to _ambreymarcus1.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »

BUSINESS MAVERICK: Cartoon Thursday with RicoDefend Truth
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »