James #Surowiecki tries to guess what the #bankers who financed Elon #Musk were thinking.

Big fees, sure, but:

‘If #Twitter goes #bankrupt, he and his investors would probably lose all of that, along with control of the company. So the more plausible outcome (at least as long as Musk is still interested in Twitter) would be for him to keep making the #interest payments—out of his own pocket, if Twitter can’t—or to just buy the #debt back.’

https://www.theatlantic.com/ideas/archive/2022/11/elon-musk-twitter-banks-loans/672258/

#birdsite #finance #loans