Funding Secured For Possible Elon Musk Twitter Takeover

No, this time it's for real.

On the evening of April 19, Tesla Inc TSLA CEO Elon Musk sent a mysterious tweet: "___ is the Night."

Filling in the blank would be "Tender" since Musk intends to make a tender offer to purchase 100% of Twitter Inc TWTR, and according to Benzinga Pro, Musk has acquired the $46.5 billion loan required to acquire the social media network.

According to the SEC filings, Musk has secured three distinct commitment letters for a total of $46.5 billion from Morgan Stanley Senior Funding and other financial institutions.

The following is a breakdown of the documents, all of which are dated April 20:

• Debt commitment letter funding: $13 billion
• Margin loan commitment letter: $12.5 billion
• Equity commitment letter: $21.5 billion

The following companies have made loan commitments:

• Morgan Stanley Senior Funding
• Bank of America, N.A,
• BofA Securities Inc
• Barclays
• MUFG Bank Ltd.
• Mizuho Bank, Ltd.
• BNP Paribas Securites Corp
• Societe Generale

While Musk is attempting to reach a definite agreement to buy Twitter, the social media site has yet to respond to the offer, though the company committed to reviewing the offer on a continuing basis.

See Also: Are Elon Musk And Twitter A Hindrance To Your Portfolio?

TWTR Price action: Shares of Twitter are trading 3.52% lower over the last five trading sessions and are now up 0.043% at $46.76. The stock has moved in a range of $31.30 to $73.34 over the past 52 weeks.

TSLA Price action: Shares of Tesla are trading 5.71% higher over the last five trading sessions and are now up 5.86% at $1,034.50. The stock has moved in a range of $546.98 to $1,243.49 over the past 52 weeks.