PANews reported on March 22 that according to Jinshi, people familiar with the matter revealed that Elon Musk's social media platform "X" plans to repurchase the last remaining debt related to the acquisition of the company. This debt has been held by Wall Street banks for many years and has not been sold before. The person familiar with the matter said that the repurchase plan of the approximately US$1.2 billion second lien debt may be partially completed through the funds obtained from the company's recent equity financing. However, the person also emphasized that no final decision has been made yet, and the relevant plan may still be adjusted. (Jinshi Data APP)
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