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.
Leveraged debt veteran Gleysteen adds it's not an issue of credit quality
Debt from seven banks accounts for nearly one-third of Elon Musk's $44 billion deal to buy out Twitter. © Reuters
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.