Bankers consider Tesla margin loans to cut risky Twitter debt, Bloomberg reports

Elon Musk’s bankers are considering replacing some of the high-interest debt he layered on Twitter with new margin loans backed by Tesla (TSLA) stock that he’d be personally responsible for re-paying, Bloomberg’s Davide Scigliuzzo, Sonali Basak, and Paula Seligson report, citing people familiar with the matter. The margin loans are one of several options the Morgan Stanley (MS)-led bank group and Musk’s advisers have discussed to soften the burden of the $13 billion of debt that Musk used to purchase the social media company in October, the people said. Reference Link