Sources: a group of Wall Street banks has sold the final $1.2B of X debt at 98 cents on the dollar, after lending $13B for Musk's takeover of Twitter in 2022 (Alexander Saeedy/Wall Street Journal)

Alexander Saeedy / Wall Street Journal:
Sources: a group of Wall Street banks has sold the final $1.2B of X debt at 98 cents on the dollar, after lending $13B for Musk's takeover of Twitter in 2022  —  The loans sat on banks' books for 2½ years until Donald Trump's election rapidly changed company's fortunes

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