Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said Friday. Morgan Stanley bankers have reached out to investors ahead of a planned sale next week,

Bankers at Morgan Stanley have contacted investors ahead of next week's planned sale of up to $3 billion in debt that lenders like Bank of America and Barclays granted Elon Musk in order to finalize his 2022 acquisition of the business that was formerly known as Twitter, the report added.

By Tatiana Bautzer and Saeed Azhar (Reuters) -Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said on Friday.

The banks hope to sell senior debt at 90-95 cents on the dollar, while retaining more-junior holdings, the people said. The banks just sold approximately $1 billion of debt in a p