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Excellent thread to the extent I could follow it. Can’t wait for to ELI5. I rarely look at corp balance sheets. At most I look at P/L. If the balance sheet is too “interesting” the company is not in the stated business but in the financial engineering business.
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$TWTR capital structure thread 🧵 Elon had commitments for $13 billion in credit facilities to help finance the Twitter buyout They are shown here. $12.5 billion was likely funded at close with undrawn $500mil revolver 1/
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