Read more about Elon Musk’s Twitter bankers face potential hit on the riskiest debt on Business Standard. The lenders forged a deal based on a maximum interest rate of 11.75 per cent for the $3 billion unsecured portion of the financing package
A group of banks led by that agreed to provide with $13 billion of debt financing for his acquisition of would risk taking a hit if they had to offload the financing to investors in the current risk-off market climate.
