Morgan Stanley-Led Group Frees Itself From X Buyout Debt (1)

Wall Street banks have finally gotten Twitter’s buyout debt off their balance sheets.

A group of banks led by Morgan Stanley sold the last piece of debt tied to Elon Musk’s social-media platform, now known as X Holdings Corp., which cost $44 billion, including $13 billion of debt.

The banks were able to sell the final slug on Monday, a $1.23 billion portion that saw huge demand.

The lenders had been stuck with the about $13 billion of debt since Musk’s acquisition in 2022. While the banks had tried to sell the financing immediately after, investors balked at ...