I don’t see a way to product-innovate a cash flow out of this bind. There are financial engineering hijinks in our future. Matt Levine will teach us about exotic new debt management games.
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Total interest expense appears to be $1.286 billion today, but all of the loans are subject to increases in SOFR which Elon will bear unless he swapped rates (my gut says he didn't)
2 of the tranches also have punitive margin escalation/ratchets
3/
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