Birdwatch Note Rating
2022-10-29 19:44:53 UTC - HELPFUL
Rated by Participant: D2B6AD5304B8980ECD8500DBCBEB514B06299E28DF273F96AC5C596F1922DFAD
Participant Details
Original Note:
Twitter is now chained down by $13 billion in junk-bond debt. Interest payments will be over $1 billion a year. https://www.wsj.com/articles/elon-musks-twitter-takeover-seen-swelling-the-companys-debt-11666609106 It is unclear how or whether Twitter can pay this, so "Twitter will burn through cash." https://news.bloomberglaw.com/banking-law/twitter-musk-deal-drama-is-just-beginning-for-wall-street-banks
All Note Details