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Exclusive-Musk's xAI on track to raise $5 billion in fresh debt, following modest demand
The average yield-to-maturity on high-yield bonds closed Monday at 7.6%, according to the ICE BofA High Yield Index. Musk's AI company has to pay significantly more since xAI and its debt are not yet rated, giving investors little visibility into the company's finances and higher risk.
Citing the usual anonymous people familiar with the matter, Bloomberg writes that the $500 million that xAI will earn this ...
Morgan Stanley is reaching out to a broader pool of investors to shore up demand for a $5 billion debt sale for Elon Musk’s ...
Morgan Stanley (NYSE:MS) is marketing a $5 billion debt package to fund Elon Musk's xAI venture in a best-efforts deal after ...
To cover the gap, Musk’s startup is currently trying to raise $9.3 billion in debt and equity, according to people briefed on the deal terms, who asked not to be identified because the information is ...
Morgan Stanley is marketing a $5 billion package of bonds and two loans on behalf of billionaire Elon Musk-owned xAI, at the ...
The $5 billion debt sale, which includes a floating-rate term loan, a fixed-rate loan and secured bonds, will be allocated to ...
Morgan Stanley is seeking investors for a $5 billion debt sale for Elon Musk's xAI Corp., which is currently facing ...
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