TWTR Twitter Inc

The banks that committed to help finance Tesla (TSLA) CEO Elon Musk's takeover of Twitter (TWTR) plan to hold all $13B of debt backing the deal rather than syndicate it out, Laura Cooper and Alexander Saeedy of Wall Street Journal report, citing people familiar with the matter. The banks, which include Morgan Stanley (MS), Bank of America (BAC) and Barclays (BCS), decided to keep the debt on their balance sheets to avoid selling it at a loss to bond and loan fund managers, sources told the Journal.
https://www.tipranks.com/news/the-fly/banks-to-hold-debt-backing-musks-twitter-takeover-wsj-reports?utm_source=advfn.com&utm_medium=referral