Rachel Graf

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.

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.

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.

2 weeks ago | news.bloombergtax.com | Aaron Weinman |Rachel Graf |Olivia Fishlow

Wall Street banks are back to selling second-lien loans, a riskier kind of corporate debt, thanks to demand from a wider swathe of lenders including their private credit rivals and conventional investors. Second-liens have in recent years been largely provided by private credit firms. But banks are once again selling these transactions to investors including collateralized loan obligations — the biggest buyers of leveraged loans — to slash borrowing costs for issuers.

2 weeks ago | bloomberg.com | Aaron Weinman |Rachel Graf |Olivia Fishlow

The New York Stock Exchange in New York, on April 8. (Bloomberg) -- Wall Street banks are back to selling second-lien loans, a riskier kind of corporate debt, thanks to demand from a wider swathe of lenders including their private credit rivals and conventional investors. Second-liens have in recent years been largely provided by private credit firms.