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Musk’s xAI Lures Investors to Sweetened $5 Billion Debt Deal (2)

1 week ago | news.bloomberglaw.com | Gowri Gurumurthy |Rachel Graf

Elon Musk’s artificial intelligence startup xAI Corp. lured enough investors to its $5 billion debt deal by offering sweeter pricing on Friday. Morgan Stanley wrapped up commitments for the package, which included a mix of bonds and loans, with higher interest rates and a bigger discount on one component. The offering presented a rare opportunity for credit investors to gain exposure to artificial intelligence and Musk’s business empire.
Musk’s xAI Sweetens Debt Offering as Investors Face Deadline (1)

1 week ago | news.bloomberglaw.com | Gowri Gurumurthy |Rachel Graf

Elon Musk’s artificial intelligence startup xAI Corp. offered investors sweeter pricing on its $5 billion debt offering Friday, as Morgan Stanley wraps up commitments for the deal. While the offering presents a rare opportunity for credit investors to gain exposure to artificial intelligence, some expected the company would need to raise yields to close the deal after Musk’s feud with Donald Trump and xAI’s financials raised concerns.
Musk’s xAI Lures Investors to Sweetened $5 Billion Debt Deal

1 week ago | bloomberg.com | Gowri Gurumurthy |Rachel Graf

(Bloomberg) -- Elon Musk’s artificial intelligence startup xAI Corp. lured enough investors to its $5 billion debt deal by offering sweeter pricing on Friday. Morgan Stanley wrapped up commitments for the package, which included a mix of bonds and loans, with higher interest rates and a bigger discount on one component. The offering presented a rare opportunity for credit investors to gain exposure to artificial intelligence and Musk’s business empire.
Morgan Stanley Seeks xAI Debt Buyers After Musk-Trump Feud

2 weeks ago | ca.finance.yahoo.com | Carmen Arroyo |Gowri Gurumurthy

(Bloomberg) -- Morgan Stanley is reaching out to a broader pool of investors to shore up demand for a $5 billion debt sale for Elon Musk’s artificial intelligence startup xAI Corp., a deal that offers a window into the fallout from the billionaire’s feud with US President Donald Trump. • None Trump Said He Fired the National Portrait Gallery Director. She’s Still There.
Morgan Stanley busca compradores de deuda xAI tras la disputa entre Musk y Trump

2 weeks ago | bloomberglinea.com | Gowri Gurumurthy |Carmen Arroyo |Gabby Jones

Bloomberg — Morgan Stanley (MS) está llegando a un grupo más amplio de inversores para apuntalar la demanda de una venta de deuda de US$5.000 millones para la startup de inteligencia artificial xAI Corp. de Elon Musk, un acuerdo que ofrece una ventana a las consecuencias de la disputa del multimillonario con el presidente estadounidense Donald Trump. Cuando Morgan Stanley lanzó la oferta de deuda a principios de la semana pasada, ya tenía más de US$3.500 millones en pedidos.
Morgan Stanley hunts for xAI debt buyers after feud between Musk, Trump

2 weeks ago | business-standard.com | Carmen Arroyo |Gowri Gurumurthy

Morgan Stanley is reaching out to a broader pool of investors to shore up demand for a $5 billion debt sale for Elon Musk's artificial intelligence startup xAI Corp., a deal that offers a window into the fallout from the billionaire's feud with US President Donald Trump. When Morgan Stanley launched the debt offering early last week, it already had more than $3.5 billion in orders.
Morgan Stanley Seeks xAI Debt Buyers After Trump Feud

2 weeks ago | bloomberg.com | Carmen Arroyo |Gowri Gurumurthy

The xAI logo on a smartphone arranged in New York, US, on Thursday, Dec. 7, 2023. Elon Musk's artificial intelligence company xAI is seeking to raise $1 billion in funding from equity investors, according to a new filing.
Whirlpool plans to sell $1.2 billion of bonds after cut to junk

2 weeks ago | detroitnews.com | Gowri Gurumurthy |Natalie Harrison

Whirlpool Corp. is looking to raise $1.2 billion to refinance debt, in its first bond sale since being downgraded to junk. The company plans to sell dollar-denominated senior unsecured notes in two tranches, with maturities in 2030 and 2033, according to a person with knowledge of the matter. The size of each portion of the debt sale is yet to be determined, said the person, who asked not to be identified discussing a private transaction.
Banks Shop Over $1 Billion in Debt for Wingstop Franchisee

3 weeks ago | bloomberg.com | Gowri Gurumurthy |Jeannine Amodeo

A Little Caesars restaurant is seen in Bloomsburg. (Bloomberg) -- A group of Wall Street banks, led by Jefferies Financial Group Inc. and UBS Group AG, have started pre-marketing more than $1 billion of debt to fund Bain Capital’s acquisition of restaurant chain operator Sizzling Platter, according to people with knowledge of the matter.
Banks Shop Over $1 Billion in Debt for Little Caesars Franchisee

3 weeks ago | news.bloombergtax.com | Gowri Gurumurthy |Jeannine Amodeo

A group of Wall Street banks, led by Jefferies Financial Group Inc. and UBS Group AG, have started pre-marketing more than $1 billion of debt to fund Bain Capital’s acquisition of restaurant chain operator Sizzling Platter, according to people with knowledge of the matter. The proposed debt financing is split up across a $505 million term loan and $400 million in secured notes, said the people, who asked not to be identified discussing private information.