Elon Musk’s runner with Donald Trump Motors Xai Dun to Education Morgan Stanley

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Xai AI XAI was closed in a $ 5 billion debt financing package to finance new data centers and slides to operate its business. Then on Thursday, the richest man in the world bombed his relationship with US President Donald Trump.

Banners at Musk at Morgan Stanley now must deal with these new complications as potential investors try to assess the repercussions from Dramatic Among the bonds of musk with the president, according to the people who have seen this issue. They added that religion may be more expensive as well.

Before the two men fired in a war of words – which included Trump’s threat to tear up the contracts of the Moses government – investors have placed more than $ 4 billion of the deal orders.

Locating money for the artificial intelligence project belongs to the “first friends” of the president, such as Musk It is referred to as it seemed like a strong bet.

Enthusiasm Morgan Stanley Near the finish line to increase debt, with large investments of names such as TPG in the clouds.

The interest was so high that Morgan Stanley has put forward the possibility of this xi It may close the cheaper financing than they were initially.

But this pricing has now increased in the air, as some investors who vibrate Xai may have to pay to capture financing.

It is still expected that the borrowing package will be divided by millions of dollars between fixed and floating interest rate loans in addition to the bond of companies, and a person said that the increase in capital was worth $ 5 billion was still on the right path.

Bankers discussed earlier in the week to reduce the voucher on bonds and loans with fixed rates from 12 percent to 11.5 per cent, while it was expected that the floating rate loan at the interest rate price is 7 percent higher than the floating interest rate.

“This makes it more difficult,” said one person who takes care of the deal about the repercussions of Musk with Trump. “You need government support for this entire ecosystem, not just for this. It should have some effect … the level of people’s comfort with its support.”

Xai Management met investors on Thursday, when the two men closed social media heads, as they were sharing the expectations of the company’s business and its growth prospects.

Many people who agreed to purchase loans from Xai sister, the social networking site, said earlier this year that Morgan Stanley has placed debts to large credit stores that could put commands of at least $ 100 million and targeted many investors who agreed to purchase loans from Xai sister, social networking site X, earlier this year.

In a sign of influence, Kerfuffle had the Musk business, prices fell on the debts of X to about 96 cents on the dollar from more than 99 cents the day before.

Even before the dispute, Morgan Stanley faced some investor recovery. The lenders raised concerns about the documents that support the deal, asking Xai Bustress a number of traditional guarantees that are offered to investors. This includes the additional debt amount that Xai can also take the amount of money it can pay for its investors.

Others raised questions about the intellectual property that secures the loan package and the value of the guarantee. Debt is also secured by Xai databases.

Some investors have indicated that they will stay away from the deal if their fears are not fulfilled, which may reduce the amount of money that Xai can raise or increase the interest burden. Morgan Stanley works for a deadline on June 17 to clarify these conditions.

Xai did not immediately respond to a request for comment. Morgan Stanley and TPG refused to comment.

Investors who were dragging the due debt care that Xai was making losses and that the revenues were small. But their investment thesis is partially supported by the company’s shares evaluating, and their Xai’s belief will begin to sell the contracts of profitable companies to use their technology.

One of the lenders said: “It is a product that is likely to be one of the winners of commercial artificial intelligence.” “On the consumer side, Openai has great progress, but on the commercial side, they can be a financial player and this will reach more than $ 15 billion to $ 20 billion.”

Financial times It was mentioned on Monday Xai was making $ 300 million to sell shares that would estimate the group at $ 113 billion.

However, some creditors have complained of limited data that has been shared so far.

People familiar with the deal said that Morgan Stanley kept a tight yoke upon arrival in the database and calls with the administration. One person added that the deck of Xai presented before an administrative offer to investors on Thursday had about 10 slices or less.

Using, using a colloquial term for Phoney: “Fujazi was really beautiful and I say that as fans of the Xai Data Data Room”.

Another person said about the presentation: “Everything is imaginary, it is an idea.” “They spend money, not earning money yet.”

Additional reports from Robert Smith in London