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Factbox-Who Is Financing Elon Musk's $44 Billion Deal To Buy Twitter?

While Musk will provide much of the funding after selling down his stake in electric vehicle maker Tesla Inc and by leaning on equity financing from large investors, major banks have committed to provide $13 billion.
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By Reuters

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2 mins read

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Published on November 30, 2022

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Highlights

    Elon Musk has pledged to provide $46.5 billion in equity and debt financing for his acquisition of Twitter, which covers the $44 billion price tag and closing costs.

    While Musk will provide much of the funding after selling down his stake in electric vehicle maker Tesla Inc and by leaning on equity financing from large investors, major banks have committed to provide $13 billion.

    Below are details of participants in the Twitter deal and their financing commitments:

    Joint loan $13 billion debt financing package

    arrangers

     

    Bank of America $6.5 billion term loan facility

     

    Barclays $500 million revolving loan

    facility

    BNP Paribas

    $3 billion secured bridge loans

    Mizuho

    $3 billion unsecured bridge loans

    Morgan Stanley

     

    MUFG

     

    Societe

    Generale

     

    Equity Investor Description Equity Commitment

    A.M. Management & - $25 million

    Consulting

    AH Capital Management VC firm founded by Marc $400 million

    Andreessen and Ben Horowitz

    Aliya Capital SpaceX investor $360 million

    Partners

    BAMCO Investment adviser $100 million

    Binance Cryptocurrency firm $500 million

    Brookfield Canadian investment firm $250 million

    with over $690 billion

    assets under management

    DFJ Growth IV Tesla, SolarCity, SpaceX $100 million

    Partners and The Boring Company

    investor

    Fidelity Management & Acts as the investment $316 million

    Research Company advisor to Fidelity's

    family of mutual funds

    Honeycomb Asset Private investment firm led $5 million

    Management by Chief Investment Officer

    David Fiszel

    Key Wealth Advisors $30 million

    Lawrence J. Ellison Oracle co-founder Larry $1 billion

    Revocable Trust Ellison's trust

    Litani Ventures Chicago-based VC firm $25 million

    Qatar Holding Investment house founded by $375 million

    Qatar Investment Authority

    Sequoia Capital Fund Invested in The Boring $800 million

    Company

    Strauss Capital LLC - $150 million

    Tresser Blvd 402 LLC - $8.5 million

    (Cartenna)

    VyCapital Invested in The Boring $700 million

    Company

    Witkoff Capital New York-based real estate $100 million

    tycoon Steven Witkoff's

    firm

    Saudi Arabian Twitter investor $1.89 billion (34,948,975

    investor Prince shares)

    Alwaleed bin Talal

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    Last Updated on November 30, 2022


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