are lining up behind Elon Musk’s US$43-billion bid for Twitter Inc.
The largest loan in the Twitter financing is a US$12.5-billion facility backed by Mr. Musk’s shares in Telsa. The package also includes an unsecured US$3-billion bridge loan - credit with no collateral - and a US$6.5-billion term loan. The risks that come with each level of debt are reflected in the interest rates the banks are charging Mr. Musk.
This is the lowest-cost debt in the Twitter financing package, and therefore the least risky loan. RBC’s analyst who follows Tesla currently has a US$1,175-per-share target price on auto maker, which is 18 per cent higher than where Tesla shares were trading on Monday.
Source: News Formal (newsformal.com)
Really?
acoyne Poor choice for the Canadian banking oligopoly
CIBC is based? cibc
WTF!!!
acoyne 'lowest risk loan' for Elon Musk for Twitter?
acoyne Glad I don’t support either of those
Sounds abour the right fit for these two banks, among all the orher Canadian banks.
There’s always a buck to be made for the capitalists
SK8Wireless This has got to be some kind of sick, twisted prank.
Good on em
Glad I don't bank with them! RBC cibc
Too bad....
WTF?!!!? RBC
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