Wall Street banks are close to selling $3bn worth of loans backing Elon Musk’s takeover of Twitter, offloading another mammoth portion of a debt deal that has lingered on their balance sheets for more than two years.
A further disposal would come a week after bankers led by Morgan Stanley successfully sold $5.5bn of debt tied to the takeover, which they had been saddled with in 2022 after markets seized up and buyers ran for the exits.
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