- Banks sell initial chunk of X debt to create pricing level
- Apollo, Pimco among firms eyeing $3 billion additional X debt
Diameter Capital Partners and Darsana Capital Partners were among firms that snapped up a major chunk of $1 billion of debt tied to Elon Musk’s buyout of X, according to people with knowledge of the matter.
The loans, offered to a select group of investors, were seen as a proof-of-concept trade that could help underpin demand for the social-media platform’s borrowings before it was marketed to a broader group of buyers.
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