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AI News from ET - xAI increases yield offer on $5 billion debt raise: Source

Vishwadeep Khatri
in AI News & Two Lenses

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Elon Musk’s xAI is raising $5 billion in debt, increasing the yield on its $3 billion bond offering from 12% to 12.5%. It’s also offering 12.5% on a $1 billion term loan and pricing another $1 billion loan at a discount. Investor commitments close Friday, with allocations due Monday.

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