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by w23j
1358 days ago
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No, the banks are committed. They can sell the debt to others, but if that fails, they just have to finance it themselves. Musk actually can get out of the deal if he doesn't have the financing. But he has the financing, because the banks signed commitment letters. These commitment letters are valid until the beginning of next year. That's why he tried to drag out the lawsuit in the hope, that deadline might be passed. |
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