Comment by ksherlock

If you look at the timeline, he made an unsolicited offer with no details, the twitter BoD instituted a poison pill, then he lined up all the financing and made a second ("final") offer with very specific details about the funding (including commitment letters for the loans), then he negotiated to buy it with no due diligence, etc. Morgan Stanley, etc, already agreed to loan the money back in April. At the time, the big banks did want to finance it!