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Twitter Files: Company Shocked by False ‘Russian Bot’ Allegations from Deep State Linked Hamilton 68

January 27, 2023 by Allum Bokhari Leave a Comment

Filed Under: Alliance for Securing Democracy, Breitbart, Deep State, Economy, Elon Musk, Hamilton 68, Masters of the Universe, News, Politics, Tech, Twitter, Twitter files

Report: Elon Musk Considers Raising $3 Billion to Pay Down Twitter Debt

January 27, 2023 by Lucas Nolan Leave a Comment

The Wall Street Journal claims that Tesla CEO and Twitter owner Elon Musk is in discussions to raise up to $3 billion to partially pay off debt related to his purchase of Twitter.

The Wall Street Journal reports that according to sources, Elon Musk, the CEO of Tesla and SpaceX, is in discussions with investors to raise up to $3 billion to pay off some of the $13 billion in debt he incurred as part of his purchase of Twitter. Sources with knowledge of the situation claim that Musk’s representatives talked about selling up to $3 billion in brand-new Twitter shares last month. If funds were raised, they would be applied to the highest-interest-rate, unsecured portion of the $13 billion Twitter loan package.

Elon Musk satanic costume

Elon Musk’s Halloween costume (Taylor Hill /Getty)

Paying off the debt would bring a much-needed financial boost to Twitter, which has struggled to keep advertisers on its platform. Musk claimed that Twitter had suffered from “a massive drop in revenue” and was losing more than $4 million per day in November. That month, he also mentioned that the company might file for bankruptcy. After cutting about 6,000 jobs, Musk later provided an upbeat outlook for the business, predicting that Twitter will reach break even in 2023.

Musk’s team reportedly contacted potential investors about raising fresh equity funding at the original Twitter takeover price in the middle of December. However, some potential backers claimed they objected to the terms due to uncertainties surrounding Twitter’s financial health.

According to public filings, Fidelity, one of the co-investors who supported Musk’s acquisition of Twitter, wrote down its stake in the company by 56 percent in November, suggesting Musk would have difficulty finding outside investors willing to put up money at the original valuation. According to sources, no formal notice of any repayments has yet been given to the banks holding the $13 billion in debt that supported his takeover of the company.

The most expensive portion of the $13 billion debt package Musk incurred as part of his $44 billion acquisition of Twitter is the $3 billion in unsecured bridge loans. They are subject to a 10 percent interest rate in addition to the benchmark secured overnight financing rate, which is currently 4.3 percent after skyrocketing in recent months.

According to regulatory filings, the interest rate increases by 0.50 percentage points each quarter that goes by without Twitter refinancing the debt. According to the filings, Musk’s first quarterly interest payment is due at the end of the month. Since he announced the takeover agreement in April of last year, the annual interest expense for Twitter has gone up by over $100 million due to an increase in the overnight rate.

After paying back the unsecured bridge loans, Twitter would have debt with much lower interest rates. According to publicly available documents, the annual interest on Musk’s $6.5 billion in term loans and $3 billion in secured bridge loans is 4.75 percent and 6.75 percent, respectively, plus the overnight rate.

A potential agreement would also offer relief to the banks supporting Musk’s acquisition of the social media company. They had planned to sell the debt to outside investors but had changed their plans after Wall Street lost interest in exposure to risky bonds and loans due to deteriorating market conditions.

Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan

Filed Under: Breitbart, Economy, Elon Musk, Masters of the Universe, News, Tech, Tesla, Twitter, Wall Street

Twitter Restores Renaud Camus, French Novelist Who Coined ‘Great Replacement’ Term

January 27, 2023 by Chris Tomlinson Leave a Comment

Filed Under: Breitbart, Davos, Elites, globalism, globalist elites, Great Replacement, Great Replacement Theory, Immigration, London / Europe, Mass Migration, News, Party of Davos, Renaud Camus, social media censorship, Tech, Twitter

Elon Musk Meets with House Speaker Kevin McCarthy on Capitol Hill

January 26, 2023 by Jordan Dixon-Hamilton and Ashley Oliver Leave a Comment

Twitter CEO Elon Musk traveled to Capitol Hill on Thursday and met with House Speaker Kevin McCarthy (R-CA) to discuss how Twitter can be “fair to both parties,” Musk said on his social media platform.

Musk noted he also met with House Minority Leader Hakeem Jeffries (D-NY). The meeting with Jeffries may have been unplanned, as McCarthy reportedly offered to introduce the pair while they were both in his office, according to the Hill.

“Just met with @SpeakerMcCarthy & @RepJeffries to discuss ensuring that this platform is fair to both parties,” Musk tweeted.

Just met with @SpeakerMcCarthy & @RepJeffries to discuss ensuring that this platform is fair to both parties

— Mr. Tweet (@elonmusk) January 26, 2023

In addition to meeting with McCarthy and Jeffries, Breitbart News observed Judiciary Committee chair Rep. Jim Jordan (R-OH) entering McCarthy’s office after Jeffries had left. Jordan spent nearly an hour in the Speaker’s office while Musk was still there.

Jordan, who will also chair the Subcommittee on the Weaponization of the Federal Government, has said he plans to delve into the “Twitter files,” including their revelation that the FBI paid Twitter $3.4 million for working with the agency.

McCarthy, who turned 58 on Thursday, joked after the meeting that Musk visited Capitol Hill to wish him a happy birthday.

“He came to wish me happy birthday,” McCarthy said while emerging from the peaker’s office, according to Bloomberg. “We’ve been friends for years.”

Musk is a “longtime McCarthy donor,” the outlet noted. In fact, Musk spoke at a Republican retreat last summer in Wyoming that McCarthy hosted.

When a reporter asked McCarthy if he spoke with Musk about the debt ceiling, McCarthy said, “No,” per Bloomberg.

Filed Under: Breitbart, Elon Musk, Hakeem Jeffries, Jim Jordan, Kevin McCarthy, News, Politics, Tech, Twitter, Twitter files

Elon Musk Tells Tesla Shareholders that His Twitter Purchase Has Been Good for the Car Company

January 26, 2023 by Lucas Nolan Leave a Comment

Filed Under: Breitbart, Economy, Elon Musk, Masters of the Universe, News, Tech, Tesla, Twitter

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Doctor Who Tried to Save Ashli Babbitt Slapped With Felonies, Other Charges for Participation in Capitol Riot

January 28, 2023 | Mike Miller | Leave a Comment

A California doctor who treated mortally wounded Ashli Babbitt after she was shot inside the U.S. Capitol Building on January 6, 2021, as she and … Read More... about Doctor Who Tried to Save Ashli Babbitt Slapped With Felonies, Other Charges for Participation in Capitol Riot

BREAKING. Iranian Defense Facilities Under Drone Attack

January 28, 2023 | streiff | Leave a Comment

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Tyre Nichols’ Brother on Cops Accused in Fatal Beating: ‘I Hope They Die’

January 28, 2023 | Amy Furr | Leave a Comment

The brother of 29-year-old Tyre Nichols spoke out recently about the Memphis officers accused of fatally beating his brother. “You want my truth?… I … Read More... about Tyre Nichols’ Brother on Cops Accused in Fatal Beating: ‘I Hope They Die’

New Report Magnifies Hunter Biden’s Connection to Joe’s Home

January 28, 2023 | Nick Arama | Leave a Comment

I’ve written previously about how Hunter Biden was living at his father’s home after Hunter’s 2017 divorce from his wife, and multiple documents … Read More... about New Report Magnifies Hunter Biden’s Connection to Joe’s Home

Lawsuit: Male Google Exec Was Fired After Rejecting Female Boss Who Groped Him

January 28, 2023 | Lucas Nolan | Leave a Comment

A former Google executive claims in a lawsuit that he was fired for turning down a higher-ranking female executive’s unwanted advances. According to … Read More... about Lawsuit: Male Google Exec Was Fired After Rejecting Female Boss Who Groped Him

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Zuck Bucks 2024: The Left Gears up to ‘Fundamentally Change How Our Elections Are Run’

January 28, 2023 | Mike Miller | Leave a Comment

Remember the 2020 election, America? It’s happening, again. “It,” being left-wing non-profits like … Read More... about Zuck Bucks 2024: The Left Gears up to ‘Fundamentally Change How Our Elections Are Run’

VIDEO: Lawsuit Filed After Janitor Allegedly Urinated in Women’s Water Bottles

January 28, 2023 | Amy Furr | Leave a Comment

A lawsuit has been filed after a janitor in Houston, Texas, was accused last year of giving a woman … Read More... about VIDEO: Lawsuit Filed After Janitor Allegedly Urinated in Women’s Water Bottles

WH Goes ‘Outer Limits’ on Jobs, Border, and That Strange Change to Biden’s Schedule

January 28, 2023 | Nick Arama | Leave a Comment

White House Press Secretary Karine Jean-Pierre got into some trouble on Friday, when she was grilled … Read More... about WH Goes ‘Outer Limits’ on Jobs, Border, and That Strange Change to Biden’s Schedule

Treasured artifact from 2,800 years ago reveals written references to the biblical King David

January 28, 2023 | Paul Sacca | Leave a Comment

Researchers have confirmed that a stone artifact from more than 2,800 years ago has written … Read More... about Treasured artifact from 2,800 years ago reveals written references to the biblical King David

Air Force General Believes U.S. Will Be at War with China in 2025: ‘My Gut Tells Me We Will Fight’

January 28, 2023 | Ethan Letkeman | Leave a Comment

A four-star Air Force general is predicting the U.S. will be at war with China in 2025 and has … Read More... about Air Force General Believes U.S. Will Be at War with China in 2025: ‘My Gut Tells Me We Will Fight’

State University Offers Exclusive Housing for Trans Students and ‘Voice Feminization’ Services

January 28, 2023 | Alex Parker | Leave a Comment

Some people prefer to live among those similar to themselves. In select cases, it’s the only way … Read More... about State University Offers Exclusive Housing for Trans Students and ‘Voice Feminization’ Services

GOP Congresswoman: Holding Democrats Accountable Is ‘Cancel Culture’

January 28, 2023 | Bonchie | Leave a Comment

If you didn’t have the giant picture above, who would you think that headline pertains to? Ask … Read More... about GOP Congresswoman: Holding Democrats Accountable Is ‘Cancel Culture’

VIDEO — Mom Sues over Alleged School Volunteer Ban for OnlyFans Job: ‘Like Having a Scarlet Letter on Your Head’

January 28, 2023 | Amy Furr | Leave a Comment

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The right to live and gun rights aren’t opposites

January 28, 2023 | Tom Knighton | Leave a Comment

In the wake of a mass shooting, gun rights inevitably come under assault. That’s certainly true now … Read More... about The right to live and gun rights aren’t opposites

Exclusive: Mike Pompeo on Trump Administration’s Killing of Iran Terror Chief Soleimani: ‘American Power Comes from Clarity and Action’

January 28, 2023 | Nick Gilbertson | Leave a Comment

Former Secretary of State Mike Pompeo joined Breitbart News Saturday and recounted the lead-up to … Read More... about Exclusive: Mike Pompeo on Trump Administration’s Killing of Iran Terror Chief Soleimani: ‘American Power Comes from Clarity and Action’

FNC’s Bongino: Cops in Tyre Nichols Case Failed to Defend His ‘God-Given Rights’ — ‘These Guys Are Just Bad Guys’

January 28, 2023 | Ian Hanchett | Leave a Comment

On Saturday’s broadcast of the Fox News Channel’s “Fox & Friends,” FNC host and former police … Read More... about FNC’s Bongino: Cops in Tyre Nichols Case Failed to Defend His ‘God-Given Rights’ — ‘These Guys Are Just Bad Guys’

GOP Rep. Miller-Meeks on IG Finding NIH Didn’t Properly Supervise Wuhan EcoHealth Grants: This Should Have Been Their Highest Priority

January 28, 2023 | Ian Hanchett | Leave a Comment

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