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Musk's lenders prepare to hold $12.7 bln Twitter debt on books until early 2023 - FT
#Twitter
https://www.reuters.com/business/finance/musks-lenders-prepare-hold-127-bln-twitter-debt-books-until-early-2023-ft-2022-11-01/
@Coctaanatis Sign stupid contracts, win stupid prizes.
@Coctaanatis Yeah, Twitter went from paying $50 million/year in debt interests payments to $1 billion/year in debt interests payments (or at least it will be by 2023).
https://daringfireball.net/linked/2022/10/31/math-on-twitters-debt
That is why Elon is desperate (rightfully so) to increase cash flows for Twitter.
@Coctaanatis Sure makes one wonder why in the world they would agree to such a deal.