Elon Musk Has a Huge Twitter Debt Bill

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The Street

By Luc Olinga The first payment stemming from the $13 billion debt Musk took on to finance the Twitter deal is due soon. Will he pay or won’t he? This is the question everyone is asking currently regarding Elon Musk and the debt he contracted to buy Twitter. The billionaire and the microblogging platform must make the first interest payment on the $13 billion debt he took on to finance the $44 billion acquisition of the social network on Oct. 27. The debt comes with interest payments of around $1.5 billion a year. This debt was allocated to Twitter’s balance sheet and had been contracted with …

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