Musk's xAI offers investors better pricing for $5 billion debt offering

Odaily News Musk’s artificial intelligence startup xAI Corp. has offered investors better pricing for its $5 billion debt offering, the same day Morgan Stanley also ended its call for commitments for the deal.
According to people familiar with the matter, the issuance plan now includes:
$3 billion in bonds with a yield of 12.5%
$1 billion 12.5% fixed rate term loan
The $1 billion Class B term loan was priced at the base rate plus 7.25 percentage points and issued at a discount of 96 cents on the dollar. Some investors had expected the company to increase its debt yield to complete the transaction. (TechinAsia)