How Elon Musk Managed to Convince Banks For Financing Proposed Twitter Deal?
How Elon Musk Managed to Convince Banks For Financing Proposed Twitter Deal?
Elon Musk disclosed in a filing on Thursday that he has received commitments for $46.5 million in debt financing to buy $Twitter(TWTR.US)$). The announcement came a week after he launched his hostile takeover bid, and the social media platform reacted with the adoption of a poison pill.
埃隆·马斯克在周四的一份文件中披露,他已收到4650万美元的债务融资承诺,将购买$Twitter(TWTR.US)$)。这一声明是在他发起敌意收购一周后发布的,这家社交媒体平台的反应是采取了毒丸。
In a week's time, how did Musk manage to rally the bankers around him?
在一周的时间里,马斯克是如何让银行家们团结在他周围的?
Musk Details Vision: The Tesla, Inc. (NASDAQ:TSLA) CEO shared his vision for Twitter, which went a long way toward convincing a bevy of banks to give commitments, according to a report by Bloomberg.
马斯克详述愿景:这个特斯拉公司据彭博社报道,首席执行官纳斯达克代码:TSLA分享了他对推特的愿景,这在说服一大批银行做出承诺方面发挥了很大作用。
The banks were apparently impressed by Musk's plan to increase Twitter's debt without taking the company's credit rating to junk levels, the report said, citing people familiar with the plan. The plan introduced in the form of a presentation on a call last Monday detailed Musk's thoughts on how Twitter's business could be run and topline could be grown, along with his views on the company's financial profile.
报道援引知情人士的话说,银行显然对马斯克在不将公司信用评级降至垃圾级别的情况下增加Twitter债务的计划印象深刻。该计划在上周一的一次电话会议上以演示的形式介绍,详细说明了马斯克对如何运营Twitter的业务和如何发展背线的想法,以及他对公司财务状况的看法。
Musk also spoke directly to some of the top lenders, with his discussion about his plans for Twitter oozing with enthusiasm, the report added.
报道补充说,马斯克还直接与一些顶级贷款机构进行了交谈,他对自己在Twitter上的计划充满了热情。
Related Link: Elon Musk References 1989 Bestseller On RJR Nabisco Leveraged Buyout; Is He Closing In On Twitter Buy?
相关链接:埃隆·马斯克提到了1989年关于RJR Nabisco杠杆收购的畅销书;他正在接近Twitter Buy吗?
This was the culmination of efforts since April 9, when Musk's team approached the lenders and engaged with them through Easter Sunday and into this week, Bloomberg said. Morgan Stanley (NYSE:MS) reportedly coordinated with Musk and the other lenders in facilitating the clinching of the deal.
彭博社称,这是自4月9日以来努力的高潮,当时马斯克的团队与贷款人接触,并在复活节周日至本周与他们接触。摩根士丹利(纽约证券交易所代码:MS)据报道,与马斯克和其他贷款人协调,促成了这笔交易的敲定。
How The Financing Math Works: Musk has mobilized up to $13 billion in debt financing and $12.5 billion in margin loan commitment from Morgan Stanley, which leads the consortium of 11 other banks. Prominent among the banks that have given funding commitments are Mitsubishi UFJ Financial Group Inc (NYSE:MUFG), Bank of America Corp (NYSE:BAC), Barclays PLC (NYSE:BCS), BNP Paribas ADR (OTC:BNPQY) and Mizuho Financial Group Inc (NYSE:MFG).
融资数学是如何运作的:马斯克已经从摩根士丹利那里筹集了高达130亿美元的债务融资和125亿美元的保证金贷款承诺,后者领导着由其他11家银行组成的财团。在做出资金承诺的银行中,突出的是Mitsubishi UFJ Financial Group(纽约证券交易所代码:MUFG),美国银行公司(纽约证券交易所代码:BAC),巴克莱银行(纽约证券交易所代码:BCS),法国巴黎银行ADR(场外交易:BNPQY)和瑞穗金融集团(纽约证券交易所代码:MFG)。
Musk personally has committed to $21 billion in equity financing.
马斯克个人承诺提供210亿美元的股权融资。
Morgan Stanley's role as the facilitator does not come as a surprise, given Musk's suggestion that the Wall Street firm would be the lead adviser in the proposed deal when he announced his interest in Twitter,
考虑到马斯克在宣布对推特感兴趣时表示,这家华尔街公司将成为拟议中的交易的首席顾问,摩根士丹利担任协调人的角色并不令人意外。
Twitter closed Friday's session 3.93% higher at $48.93, according to BenzingaPro data.
根据BenzingaPro的数据,Twitter周五收盘上涨3.93%,至48.93美元。
Photo: Created with an image from TED Conference on Flickr
图片:由Flickr上的TED会议图片创建