I’m interested in understanding what happened to the debt. My simplistic understanding was that a bunch of the $13B debt raised for the twitter aq was secured by Tesla stock, with some sort of callable mechanism (which got a bit scary when Tesla stock sank).
I assume with this deal some of that debt got converted to equity ($1B?) and any callable mechanisms got repriced but I cannot find details to figure this out.
I assume with this deal some of that debt got converted to equity ($1B?) and any callable mechanisms got repriced but I cannot find details to figure this out.