Can someone who understands finance ELI5 the section about the financing:
> "To finance the Proposed Transaction or a Potential Offer, entities related to the Reporting Person have received commitment letters committing to provide an aggregate of approximately $46.5 billion as follows:"
What follows seems like Elon is "paying" for Twitter with... imaginary money.
"A debt commitment letter"
"A separate debt commitment letter"
"An equity commitment letter"
Am I understanding it correctly that effectively $0 is coming out-of-pocket for purchasing Twitter?
Why can't anyone do this? I'll promise you a bunch of debt and equity, too.
"A debt commitment letter"
"A separate debt commitment letter"
"An equity commitment letter"
Am I understanding it correctly that effectively $0 is coming out-of-pocket for purchasing Twitter?
Why can't anyone do this? I'll promise you a bunch of debt and equity, too.