Musk's lenders in Twitter deal face tough debt market: AGL CEO

Leveraged debt veteran Gleysteen adds it's not an issue of credit quality

20221110N Twitter Musk REUTERS

Debt from seven banks accounts for nearly one-third of Elon Musk's $44 billion deal to buy out Twitter. © Reuters

MOMOE BAN, Nikkei staff writer

NEW YORK -- The banks that financed Elon Musk's $44 billion leveraged buyout of Twitter may not be able to offload their loans without losses given the current tough market environment, says Peter Gleysteen, the CEO of AGL Credit Management.

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