Banks wrapped up the sale of $5.5 billion in debt backed by Musk’s social-media company on Wednesday, people familiar with the matter said. The banks had originally planned to sell around $3 ...

NEW YORK (Reuters) -Banks led by Morgan Stanley have sold $5.5 billion of some $13 billion of debt they lent to support Elon Musk's $44 billion acquisition of Twitter, now called X, in 2022 ...

Banks unloaded $5.5 billion of debt holdings in X that they have been stuck with since 2022, when they helped Musk acquire the site formerly known as Twitter for $44 billion, people familiar with ...