Wall Street Journal:

PitchBook: seven banks' ~$13B loans to Elon Musk to buy X have been “hung” for two years, weighing on balance sheets, the worst buyout for banks since 2008-09  —  Loans of around $13 billion have remained ‘hung’ for nearly two years, bringing in interest payments but weighing on banks' balance sheets

Wall Street Journal:

PitchBook: seven banks' ~$13B loans to Elon Musk to buy X have been “hung” for two years, weighing on balance sheets, the worst buyout for banks since 2008-09  —  Loans of around $13 billion have remained ‘hung’ for nearly two years, bringing in interest payments but weighing on banks' balance sheets

Source: TechMeme
Source Link: http://www.techmeme.com/240820/p9#a240820p9