The San Francisco Experience • Elon Musk's $13 billion debt bomb versus Wall Street. The state of play with the Banks. Talking with William D. Cohan of PUCK News. • Listen on Fountain
Elon Musk's $13 billion debt bomb versus Wall Street. The state of play with the Banks. Talking with William D. Cohan of PUCK News.
Elon Musk's X/Twitter owes a syndicate of 7 banks $13 billion, $10 billion of which is secured by Twitter assets and $3 billion is unsecured. All $13 billion is non-recourse debt. In other words, Musk does not guarantee it. All quarterly interest payments have been paid, even as X's EBITDA has plummeted. The Banks are eager to sell the debt but who will buy it and at what price ?
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We are a "deep dive" news podcast, for Americans who get their news from the Internet. Our mission is to give the listener succinct, fact based analysis both non-ideological and independent from a California, Silicon Valley perspective.
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Jim Herlihy is a published author: his novel “Deceit and Dirty Money” is available on line. He served as President of the SF Public Library Commission 1992 - 1996. While working in Latin America, he was a stringer for The Economist, The Times and the BBC. Jim serves as a director on two SF sister city boards : Bangalore, India and Cork, Ireland.