Twitter debt is still so toxic that the bankers trying to offload it are emphasizing that Twitter owns some xAI shares! To try to get 90-95% of what they paid.
https://www.bloomberg.com/news/articles/2025-01-27/x-debt-shopped-with-6-billion-sweetener-from-elon-musk-s-ai-bet
"Potential investors are being told they would have a claim on X’s interest in the entity, the people said, asking not to be identified discussing confidential information. The size of that stake is based on the latest fundraising that put a roughly $50 billion valuation on xAI."
It seems to me that this has all the same downsides which have kept the debt in the banks' books so far, namely:
The prospect of trying to take control of X when he defaults, or be a minority shareholder in xAI as a backup, do not seem appealing when Musk's attitude to securities law is basically "no I don't."
Nevertheless, I am willing to take on this burden. So I am reiterating my offer to buy any amount of secured X debt for $1. It doesn't have to be your problem any more, bankers! You could end the pain and avoid all these embarrassing sales pitches!
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