Elon Musk's X intends to repurchase the final piece of debt linked to the acquisition of the social network from Wall Street banks. The company plans to use funds from a recent equity raise to finance the roughly $1.2 billion second-lien debt buyback. The decision is not final yet and could be subject to change. This repurchase will allow a group of seven banks, led by Morgan Stanley, to eliminate the riskiest portion of loans they have held since supporting the $44 billion buyout of the platform, formerly Twitter Inc., in 2022. The banks previously offloaded most of the $13 billion debt arranged for Musk's acquisition of the social media platform earlier this year. This success was attributed to Musk’s ties with President Donald Trump, X’s financial improvement, and its stake in the artificial intelligence company xAI, making it appealing to investors. The information provided does not include comments from X or Morgan Stanley representatives.