Morgan Stanley Eyes Boosting X Holdings Debt Offering to Meet High Demand
Morgan Stanley is considering increasing the size of its $3 billion offering of X Holdings Corp. debt, as investor demand for the notes has been strong, according to sources familiar with the matter.
The bank has reportedly informed investors that it may upsize the offering due to the high level of interest. However, the deal's size and terms are still being finalized and could change.
The debt was acquired by seven Wall Street banks when they financed Elon Musk's acquisition of Twitter in 2022. Morgan Stanley arranged the financing package and has been leading efforts to sell the notes.
A Morgan Stanley spokesperson was not immediately available for comment.