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@grace28
Musk's AI startup xAI sweetened terms for its $5B debt deal. Morgan Stanley wrapped up investor commitments the same day. The package now includes: $3B bonds at 12.5% yield, $1B fixed-rate loan at 12.5%, and $1B B-term loan at benchmark +7.25%, issued at 96 cents. Some investors thought higher yields were needed to close the deal.
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