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<\/span><\/figcaption><\/figure>By Anirban Sen and Shankar Ramakrishnan<\/strong>

NEW YORK: The banks providing $13 billion in financing for Tesla CEO Elon Musk<\/a>'s acquisition of Twitter<\/a> Inc have abandoned plans to sell the debt to investors because of uncertainty around the social media company's fortunes and losses, people familiar with the matter said.

The banks are not planning to syndicate the debt as is typical with such acquisitions, and are instead planning to keep it on their balance sheets until there is more investor appetite, the sources said.

The banks, which include Morgan Stanley<\/a> and Barclays Plc, did not respond to requests for comment. Bank of America<\/a> declined to comment. Representatives for Musk and Twitter did not immediately respond to requests for comment.

Musk agreed to pay $44 billion for Twitter in April, before the Federal Reserve started raising interest rates in a bid to fight inflation. This made the acquisition financing look too cheap in the eyes of credit investors, so the banks would have to take a financial hit totaling hundreds of millions of dollars to get it off their books.

Also preventing the banks from marketing the debt was uncertainty around the deal's completion. Musk has tried to get out of the deal, arguing Twitter misled him over the number of spam accounts on the platform, and only agreed to comply with a Delaware court judge's Oct. 28 deadline to close the transaction earlier this month. He has not revealed details on Twitter's new leadership and business plan, and many debt investors are holding back until they get more details on that front, the sources said.

The debt package for the Twitter deal<\/a> is comprised of junk-rated loans, which are risky because of the amount of debt the company is taking on, as well as secured and unsecured bonds.

Rising interest rates and broader market volatility has pushed investors to stay away from some junk-rated debt. For example, Wall Street banks led by Bank of America suffered a $700 million loss in September on the sale of about $4.55 billion in debt backing the leveraged buyout of business software company Citrix Systems Inc.

In September, a group of banks canceled efforts to sell about $4 billion of debt that financed Apollo Global Management Inc's deal to buy telecom and broadband assets from Lumen Technologies<\/a> after failing to find buyers.
<\/body>","next_sibling":[{"msid":95017274,"title":"Vodafone Idea to raise Rs 1,600 crore via issue of convertible bonds to ATC, to repay tower firm's dues","entity_type":"ARTICLE","link":"\/news\/vodafone-idea-to-raise-rs-1600-crore-via-issue-of-convertible-bonds-to-atc-to-repay-tower-firms-dues\/95017274","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":95022491,"entity_type":"ARTICLE","title":"Banks forced to hold on to Twitter deal debt","synopsis":"Musk agreed to pay $44 billion for Twitter in April, before the Federal Reserve started raising interest rates in a bid to fight inflation. This made the acquisition financing look too cheap in the eyes of credit investors, so the banks would have to take a financial hit totaling hundreds of millions of dollars to get it off their books.","titleseo":"telecomnews\/banks-forced-to-hold-on-to-twitter-deal-debt","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2022-10-22 07:26:58","lastupd":"2022-10-22 07:29:12","breadcrumbTags":["Twitter","morgan stanley","lumen technologies","bank of america","Twitter deal","ELon Musk","Elon Muks Twitter deal","MVAS\/Apps","International"],"secinfo":{"seolocation":"telecomnews\/banks-forced-to-hold-on-to-twitter-deal-debt"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2022-10-22" data-index="article_1">

银行被迫持有Twitter处理债务

麝香同意支付440亿美元收购Twitter今年4月,美国联邦储备理事会(美联储,fed)开始之前提高利率以对抗通胀。这使得收购融资看起来太廉价信贷投资者眼中的,因此,银行必须采取财务损失达数亿美元是让他们的书。

  • 更新2022年10月22日上午07:29坚持
Anirban森和Shankar Ramakrishnan

纽约:银行为特斯拉的首席执行官提供130亿美元融资Elon Musk的收购推特公司已经放弃了计划出售的债务投资者因为不确定性社交媒体公司的命运和损失,知情人士说。

银行不打算银团债务等是典型的收购,并不是打算保持资产负债表上直到有更多投资者的胃口,消息人士说。

银行,包括摩根士丹利(Morgan Stanley)巴克莱集团(Barclays Plc),没有回应记者的置评请求。美国银行(Bank of America)拒绝置评。麝香和Twitter代表没有立即回复记者的置评请求。

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麝香同意支付440亿美元收购Twitter今年4月,美国联邦储备理事会(美联储,fed)开始之前提高利率以对抗通胀。这使得收购融资看起来太廉价信贷投资者眼中的,因此,银行必须采取财务损失达数亿美元是让他们的书。

还阻止银行营销的债务是完成交易的不确定性。麝香试图摆脱,Twitter误导他争论这个平台上的垃圾邮件账户数量,和只同意遵守特拉华州法院法官的10月28日期限本月早些时候关闭交易。他没有透露细节在Twitter上的新领导和商业计划,许多债券投资者持有,直到他们得到更多的细节,消息人士说。

债务计划Twitter的交易由垃圾贷款,这是有风险的,因为公司承担了大量的债务,以及担保和无担保债券。

利率上升和更广泛的市场波动使得投资者远离一些垃圾级债券。例如,华尔街银行为首的美国银行(Bank of America) 9月遭受7亿美元的损失出售约45.5亿美元的债务支持商业软件公司的杠杆收购Citrix Systems Inc .)

9月,一群银行取消了努力出售约40亿美元的债务融资阿波罗全球管理公司的收购和宽带电信资产腔技术由于未能找到买家。
  • 发布于2022年10月22日上午07:26坚持
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\"\"
<\/span><\/figcaption><\/figure>By Anirban Sen and Shankar Ramakrishnan<\/strong>

NEW YORK: The banks providing $13 billion in financing for Tesla CEO Elon Musk<\/a>'s acquisition of Twitter<\/a> Inc have abandoned plans to sell the debt to investors because of uncertainty around the social media company's fortunes and losses, people familiar with the matter said.

The banks are not planning to syndicate the debt as is typical with such acquisitions, and are instead planning to keep it on their balance sheets until there is more investor appetite, the sources said.

The banks, which include Morgan Stanley<\/a> and Barclays Plc, did not respond to requests for comment. Bank of America<\/a> declined to comment. Representatives for Musk and Twitter did not immediately respond to requests for comment.

Musk agreed to pay $44 billion for Twitter in April, before the Federal Reserve started raising interest rates in a bid to fight inflation. This made the acquisition financing look too cheap in the eyes of credit investors, so the banks would have to take a financial hit totaling hundreds of millions of dollars to get it off their books.

Also preventing the banks from marketing the debt was uncertainty around the deal's completion. Musk has tried to get out of the deal, arguing Twitter misled him over the number of spam accounts on the platform, and only agreed to comply with a Delaware court judge's Oct. 28 deadline to close the transaction earlier this month. He has not revealed details on Twitter's new leadership and business plan, and many debt investors are holding back until they get more details on that front, the sources said.

The debt package for the Twitter deal<\/a> is comprised of junk-rated loans, which are risky because of the amount of debt the company is taking on, as well as secured and unsecured bonds.

Rising interest rates and broader market volatility has pushed investors to stay away from some junk-rated debt. For example, Wall Street banks led by Bank of America suffered a $700 million loss in September on the sale of about $4.55 billion in debt backing the leveraged buyout of business software company Citrix Systems Inc.

In September, a group of banks canceled efforts to sell about $4 billion of debt that financed Apollo Global Management Inc's deal to buy telecom and broadband assets from Lumen Technologies<\/a> after failing to find buyers.
<\/body>","next_sibling":[{"msid":95017274,"title":"Vodafone Idea to raise Rs 1,600 crore via issue of convertible bonds to ATC, to repay tower firm's dues","entity_type":"ARTICLE","link":"\/news\/vodafone-idea-to-raise-rs-1600-crore-via-issue-of-convertible-bonds-to-atc-to-repay-tower-firms-dues\/95017274","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":95022491,"entity_type":"ARTICLE","title":"Banks forced to hold on to Twitter deal debt","synopsis":"Musk agreed to pay $44 billion for Twitter in April, before the Federal Reserve started raising interest rates in a bid to fight inflation. This made the acquisition financing look too cheap in the eyes of credit investors, so the banks would have to take a financial hit totaling hundreds of millions of dollars to get it off their books.","titleseo":"telecomnews\/banks-forced-to-hold-on-to-twitter-deal-debt","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2022-10-22 07:26:58","lastupd":"2022-10-22 07:29:12","breadcrumbTags":["Twitter","morgan stanley","lumen technologies","bank of america","Twitter deal","ELon Musk","Elon Muks Twitter deal","MVAS\/Apps","International"],"secinfo":{"seolocation":"telecomnews\/banks-forced-to-hold-on-to-twitter-deal-debt"}}" data-news_link="//www.iser-br.com/news/banks-forced-to-hold-on-to-twitter-deal-debt/95022491">