'I don't lose sleep': Bank of America CEO isn't worried about financing the Twitter deal
In this article TWTR Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 1:22 01:22 Bank of America CEO says he doesn't lose sleep over Musk's Twitter deal Squawk Box Europe The CEO of Bank of America , one of the financiers of Elon Musk's Twitter takeover, doesn' ;t appear worried about the deal. CNBC reported on Thursday that Musk is now in charge of Twitter. Binance, one of the investors in the deal, told CNBC the acquisition has closed. After Musk first announced plans to buy Twitter in April, he secured equity financing from an array of investors, including technology firms, as well as debt financing from a number of investment banks. One of those was Bank of America. But with the rout in technology stocks this year and investors cautious on risky assets, that debt could be hard to sell on to investors, meaning the banks may have to hold onto the debt. The Wall Street Journal reported Wednesday that the investment banks may hold onto the debt unti...