Elon Musk’s Twitter bankers face potential hit on riskiest debt
1 min read
The Twitter buyout is one of the few pending acquisitions that was underwritten with large built-in buffers for banks and maximum rates guaranteed to borrowers, known as caps, well into the double digits for unsecured debt.The Twitter buyout is one of the few pending acquisitions that was underwritten with large built-in buffers for banks and maximum rates guaranteed to borrowers, known as caps, well into the double digits for unsecured debt.
