\"\"
<\/span><\/figcaption><\/figure>Twitter<\/a> Inc. made its first interest payment on the $12.5 billion in debt<\/a> that Elon Musk<\/a> used to take the social media<\/a> giant private last year.

The company paid a group of seven banks, led by Morgan Stanley, which became stuck with the debt after they were unable to sell it to outside investors.

Representatives for Morgan Stanley and
Musk<\/a> did not immediately respond to requests for comment.

The first coupon was expected to cost Twitter roughly $300 million, according to Bloomberg calculations and market participants not involved in the Twitter deal. The payment was due around Jan. 27, about three months after the transaction closed.

A lot is riding on these interest payments. Questions remain about Musk’s ability to turn around the social media giant, though the fact that he’s made good on the first chunk of interest expense stands to bolster confidence in his ability to avert a bankruptcy in the near term.

Since his purchase, Twitter has failed to pay millions of dollars in rent for its San Francisco headquarters and London offices, has been sued by multiple contractors over unpaid services and has auctioned off everything from bird statues to espresso machines to raise money.

He’s also openly floated the idea of bankruptcy, cited a “massive drop” in revenue as some advertisers fled from the platform, and slashed staff since closing his $44 billion leveraged buyout at the end of October.

Yet Musk has also said Twitter’s finances are improving. He said in a late December
Twitter Spaces<\/a> conversation that the company has about $1 billion in cash on its balance sheet and is now on track to “roughly” hit cash flow break-even following all the cuts.

Musk is now in the process of overhauling the company. He previously teased turning Twitter into something called “X, the everything app.” He’s also taken an active role in suspending accounts.

Big debt bill
<\/strong>
While Twitter made its first interest payment, its debt load is still a heavy burden. Annual interest is expected to exceed $1.2 billion, some of which carries floating rates that could continue to increase as the Federal Reserve hikes interest rates.

Twitter paid less than $100 million of annual interest expense before Musk bought the company by loading it up with debt.

The pile includes a $6.5 billion loan that banks originally hoped to sell to institutional investors and $6 billion of bridge loans, split equally between a secured and unsecured tranche, that banks had planned to sell in the form of junk bonds.

Representatives for Bank of America Corp., Barclays Plc,
BNP Paribas<\/a> SA, Mitsubishi UFJ Financial Group Inc., and Mizuho Financial Group Inc. declined to comment. A representative for Societe Generale SA did not respond to a request for comment. The six banks joined Morgan Stanley in providing the buyout financing.

Banks also provided Twitter a $500 million revolving credit facility, which allows the company to borrow, pay it back and borrow again over the life of the loan. If Twitter draws on it, its interest expense would increase.

<\/body>","next_sibling":[{"msid":97475744,"title":"India economic survey likely to peg 2023-24 growth at slowest in three years","entity_type":"ARTICLE","link":"\/news\/india-economic-survey-likely-to-peg-2023-24-growth-at-slowest-in-three-years\/97475744","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"97470185","title":"Twitter's fancy office items go on auction; check the list of items here","entity_type":"IMAGES","seopath":"tech\/technology\/twitter-makes-first-interest-payment-on-elon-musk-buyout-debt\/twitters-fancy-office-items-go-on-auction-check-the-list-of-items-here","category_name":"Twitter makes first interest payment on Elon Musk buyout debt","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-27822\/97470185.cms?width=150&height=112","link":"\/image\/tech\/technology\/twitter-makes-first-interest-payment-on-elon-musk-buyout-debt\/twitters-fancy-office-items-go-on-auction-check-the-list-of-items-here\/97470185"}],"msid":97476747,"entity_type":"ARTICLE","title":"Twitter makes first interest payment on Elon Musk buyout debt","synopsis":"The company paid a group of seven banks, led by Morgan Stanley, which became stuck with the debt after they were unable to sell it to outside investors.","titleseo":"telecomnews\/twitter-makes-first-interest-payment-on-elon-musk-buyout-debt","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"Bloomberg","artdate":"2023-01-31 11:22:51","lastupd":"2023-01-31 11:24:27","breadcrumbTags":["twitter","musk","twitter debt","Debt","twitter repayment","twitter spaces","bnp paribas","mvas\/apps","elon musk","elon musk twitter","social media"],"secinfo":{"seolocation":"telecomnews\/twitter-makes-first-interest-payment-on-elon-musk-buyout-debt"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2023-01-31" data-index="article_1">

Twitter使得第一Elon Musk收购债务利息支付

公司付出了七国集团的银行,摩根士丹利(Morgan Stanley)的带领下,成为了债务后,他们无法把它卖给外部投资者。

  • 更新2023年1月31日凌晨福音11:24坚持
推特公司首次在125亿美元的利息支付债务Elon Musk用于把社交媒体巨大的私人去年。

公司付出了七国集团的银行,摩根士丹利(Morgan Stanley)的带领下,成为了债务后,他们无法把它卖给外部投资者。

摩根士丹利(Morgan Stanley)和代表麝香没有立即回复记者的置评请求。

第一个优惠券Twitter将花费大约3亿美元,据彭博社计算和市场参与者没有参与Twitter交易。付款是由于在1月27日,大约三个月后,交易关闭。

广告
很多是骑在这些利息。问题仍有麝香的能力扭转社会媒体巨头,尽管事实上,他兑现了第一块利息费用摊提振信心在他的能力在短期内以避免破产。

自从他购买,Twitter未能支付数百万美元的租金旧金山总部和伦敦办公室,由多个承包商被起诉在无偿服务和拍卖从鸟雕像到咖啡机来筹集资金。

他还公开提出破产,援引“大幅降价”收入一些广告商逃离这个平台,和削减员工因为关闭他的440亿美元的杠杆收购10月底。

然而麝香也表示Twitter的财务状况正在改善。他说12月下旬微博空间对话,公司拥有约10亿美元的资产负债表上的现金,现在有望“大约”击中后现金流收支平衡所有的减税政策。

麝香是公司现在在改革的过程中。他以前嘲笑把Twitter变成所谓的“X,所有的应用程序。”他在暂停账户也是积极的作用。

大债务法案

虽然Twitter首次支付利息,其债务负担仍然是一个沉重的负担。年息预计将超过12亿美元,其中一些带有浮动利率可能继续增加美联储上调利率。

广告
Twitter支付每年不到1亿美元的利息费用之前麝香收购这家公司通过加载和债务。

桩包括一个65亿美元的贷款,银行最初希望卖给机构投资者和60亿美元的过桥贷款,同样分裂之间的抵押和无抵押债券,银行计划出售垃圾债券的形式。

代表美国银行(Bank of America Corp .)、巴克莱集团(Barclays Plc),法国巴黎银行(BNP Paribas)SA,三菱UFJ金融集团、瑞穗金融集团拒绝置评。法国兴业银行的代表没有回复记者的置评请求。六家银行与摩根士丹利(Morgan Stanley)提供并购融资。

银行也提供Twitter循环信贷额度5亿美元,它允许公司借款、偿还和再次借贷款的生活。如果Twitter吸引了,它的利息费用会增加。

  • 发表在2023年1月31日22点坚持
是第一个发表评论。
现在评论

加入2 m +行业专业人士的社区

订阅我们的通讯最新见解与分析。乐动扑克

下载ETTelec乐动娱乐招聘om应用

  • 得到实时更新
  • 保存您最喜爱的文章
扫描下载应用程序
\"\"
<\/span><\/figcaption><\/figure>Twitter<\/a> Inc. made its first interest payment on the $12.5 billion in debt<\/a> that Elon Musk<\/a> used to take the social media<\/a> giant private last year.

The company paid a group of seven banks, led by Morgan Stanley, which became stuck with the debt after they were unable to sell it to outside investors.

Representatives for Morgan Stanley and
Musk<\/a> did not immediately respond to requests for comment.

The first coupon was expected to cost Twitter roughly $300 million, according to Bloomberg calculations and market participants not involved in the Twitter deal. The payment was due around Jan. 27, about three months after the transaction closed.

A lot is riding on these interest payments. Questions remain about Musk’s ability to turn around the social media giant, though the fact that he’s made good on the first chunk of interest expense stands to bolster confidence in his ability to avert a bankruptcy in the near term.

Since his purchase, Twitter has failed to pay millions of dollars in rent for its San Francisco headquarters and London offices, has been sued by multiple contractors over unpaid services and has auctioned off everything from bird statues to espresso machines to raise money.

He’s also openly floated the idea of bankruptcy, cited a “massive drop” in revenue as some advertisers fled from the platform, and slashed staff since closing his $44 billion leveraged buyout at the end of October.

Yet Musk has also said Twitter’s finances are improving. He said in a late December
Twitter Spaces<\/a> conversation that the company has about $1 billion in cash on its balance sheet and is now on track to “roughly” hit cash flow break-even following all the cuts.

Musk is now in the process of overhauling the company. He previously teased turning Twitter into something called “X, the everything app.” He’s also taken an active role in suspending accounts.

Big debt bill
<\/strong>
While Twitter made its first interest payment, its debt load is still a heavy burden. Annual interest is expected to exceed $1.2 billion, some of which carries floating rates that could continue to increase as the Federal Reserve hikes interest rates.

Twitter paid less than $100 million of annual interest expense before Musk bought the company by loading it up with debt.

The pile includes a $6.5 billion loan that banks originally hoped to sell to institutional investors and $6 billion of bridge loans, split equally between a secured and unsecured tranche, that banks had planned to sell in the form of junk bonds.

Representatives for Bank of America Corp., Barclays Plc,
BNP Paribas<\/a> SA, Mitsubishi UFJ Financial Group Inc., and Mizuho Financial Group Inc. declined to comment. A representative for Societe Generale SA did not respond to a request for comment. The six banks joined Morgan Stanley in providing the buyout financing.

Banks also provided Twitter a $500 million revolving credit facility, which allows the company to borrow, pay it back and borrow again over the life of the loan. If Twitter draws on it, its interest expense would increase.

<\/body>","next_sibling":[{"msid":97475744,"title":"India economic survey likely to peg 2023-24 growth at slowest in three years","entity_type":"ARTICLE","link":"\/news\/india-economic-survey-likely-to-peg-2023-24-growth-at-slowest-in-three-years\/97475744","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"97470185","title":"Twitter's fancy office items go on auction; check the list of items here","entity_type":"IMAGES","seopath":"tech\/technology\/twitter-makes-first-interest-payment-on-elon-musk-buyout-debt\/twitters-fancy-office-items-go-on-auction-check-the-list-of-items-here","category_name":"Twitter makes first interest payment on Elon Musk buyout debt","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-27822\/97470185.cms?width=150&height=112","link":"\/image\/tech\/technology\/twitter-makes-first-interest-payment-on-elon-musk-buyout-debt\/twitters-fancy-office-items-go-on-auction-check-the-list-of-items-here\/97470185"}],"msid":97476747,"entity_type":"ARTICLE","title":"Twitter makes first interest payment on Elon Musk buyout debt","synopsis":"The company paid a group of seven banks, led by Morgan Stanley, which became stuck with the debt after they were unable to sell it to outside investors.","titleseo":"telecomnews\/twitter-makes-first-interest-payment-on-elon-musk-buyout-debt","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"Bloomberg","artdate":"2023-01-31 11:22:51","lastupd":"2023-01-31 11:24:27","breadcrumbTags":["twitter","musk","twitter debt","Debt","twitter repayment","twitter spaces","bnp paribas","mvas\/apps","elon musk","elon musk twitter","social media"],"secinfo":{"seolocation":"telecomnews\/twitter-makes-first-interest-payment-on-elon-musk-buyout-debt"}}" data-news_link="//www.iser-br.com/news/twitter-makes-first-interest-payment-on-elon-musk-buyout-debt/97476747">