$BEAMX
Elon Musk's social media platform plans to buy back debt
According to the Philippine News Agency (PANews), sources revealed that Elon Musk's social media platform "X" plans to buy back the company's remaining debt. This debt, held by Wall Street banks for several years, has not yet been disclosed. The source indicated that the buyback of approximately $1.2 billion in subordinated debt could be partially funded through recent equity financing. However, the source also noted that no final decision has been made yet, and the plan is subject to change.
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