Looming Twitter interest payment leaves Elon Musk with unpalatable options

Looming Twitter interest payment leaves Elon Musk with unpalatable options

a year ago
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https://arstechnica.com/tech-policy/2023/01/looming-twitter-interest-payment-leaves-elon-musk-with-unpalatable-options/

The bill for Elon Musk’s purchase of Twitter is coming due, with the billionaire facing unpalatable options on the company’s enormous debt pile, ranging from bankruptcy proceedings to another costly sale of Tesla shares.

Three people close to the entrepreneur’s buyout of Twitter said the first installment of interest payments related to $13 billion of debt he used to fund the takeover could be due as soon as the end of January. That debt means the company must pay about $1.5 billion in annual interest payments.