Twitter Inc. made its first interest payment under Elon Musk, according to people with knowledge of the matter, after the billionaire took the social media company private last year using about $12.5 billion of debt.
Twitter paid a group of seven banks, led by Morgan Stanley, which became stuck with the debt after they were unable to sell it to outside investors.
Representatives for Morgan Stanley and Musk did not immediately respond to requests for comment.
The first coupon was expected to cost Twitter roughly $300 million, according to Bloomberg calculations and market participants not involved in the …
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