How Elon Musk bought Twitter with borrowed money
Banks wired the money, Twitter changed ownership, and debt financing covered roughly half the $44 billion price.
The money was wired
Banks wired the money, then Twitter changed ownership. The sequence begins with the banks wiring the money and continues with Twitter changing ownership. The ownership change followed the money being wired.
The $44 billion price
Debt financing covered roughly half the $44 billion price. Roughly half of the $44 billion price was therefore covered by debt financing. The stated price was $44 billion, and the share covered by debt financing was roughly half.
Repaying the debt
Twitter’s future cash flow was expected to repay it. The expected repayment depended on Twitter’s future cash flow. The account connects the wired money, the ownership change, the debt financing, the roughly half-covered $44 billion price, and the expectation that Twitter’s future cash flow would repay it. Banks wired the money, then Twitter changed ownership. Debt financing covered roughly half the $44 billion price. Twitter’s future cash flow was expected to repay it.
