1 month ago | By Business Insider
Twitter has paid off the first instalment of the debt taken by Elon Musk for the takeover last year. Justin Sullivan/Getty Images
Twitter paid off the first instalment of its debt this month, according to Bloomberg.
Elon Musk borrowed $12.5 billion from banks including Morgan Stanley to take the social-media company private in October.
Repaying the first instalment is a sign that Twitter won't have to file for bankruptcy.
Twitter has reportedly made its first interest repayment on the massive debt that Elon Musk took on in his takeover last year - meaning it'll be able to stave off...
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