Form SC 13D/A TWITTER, INC. Filed by: Musk Elon
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Elon Musk Files Update on Twitter (TWTR) Financing Commitments
May 25, 2022 4:33 PM UTC(Updated - May 25, 2022 4:34 PM EDT)
Twitter (NYSE: TWTR) shareholder Elon Musk disclosed:
Item 4 of the Schedule 13D is hereby amended by adding the following:
As previously disclosed, on April 25, 2022, an affiliate of the Reporting Person (the Margin Loan Borrower) received a commitment letter (the Margin Loan Commitment Letter) from Morgan Stanley Senior Funding, Inc. and certain other financial institutions party thereto (collectively, the Margin Loan Commitment Parties) pursuant to which the Margin Loan Commitment Parties committed to provide the Margin Loan Borrower up to $12.5 billion in margin loans to fund a portion of the... More
