Twitter makes first interest payment on Musk buyout debt -sources


FILE PHOTO: Twitter logo and a photo of Elon Musk are displayed through magnifier in this illustration taken October 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo

NEW YORK (Reuters) - Twitter Inc has made its first interest payment on a loan that banks provided to help finance billionaire Elon Musk's purchase of the social media company last year, according to two people familiar with the matter.

Twitter paid about $300 million to a group of banks last week, one of the sources said, confirming an earlier Bloomberg story.

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