Company X plans to acquire the last $1.2 billion of acquisition debt held by the bank.

On March 22, Jin10 reported that, according to informed sources, the social media platform “X” owned by Elon Musk plans to repurchase the last remaining debt related to the acquisition of the company. This debt, held by Wall Street banks for many years, had previously been unable to be disposed of. The informed source stated that this approximately $1.2 billion secondary lien debt repurchase plan may be partially funded through the company’s recent equity financing proceeds. However, the source also emphasized that no final decision has been made yet, and the related proposal remains subject to adjustments.

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