Does this require that Musk purchase some of Twitter/X outstanding debt AND that he retire it? If he purchases any of it I think he would maintain his standing and rights as a creditor to X rather than swapping his debt for equity.

I guess the question I have is if Musk purchasing the debt and retiring the debt are both necessary for a YES resolution, does restructuring the debt count?:

“he buys part, or even all, of the debt at a steep discount. Then, he’d become both X’s biggest shareholder and potentially largest creditor. X would owe Musk gigantic interest payments. But his goal is reducing or eliminating that burden to help make X a profitable enterprise. Hence, in exchange for the billions paid for the debt, he’d demand a huge new slug of X shares, and secure another big discount by paying, say, half the purchase price of $54.20, diluting his co-investors but in the same motion saving X.”

https://finance.yahoo.com/news/elon-musk-13-billion-whip-171340881.html

Elon Musk’s $13 billion whip hand against Wall Street: How interest rates and the financial disaster at Twitter put the world’s richest man in the driver’s seat

Might Musk be looking to buy back X's debt at a steep discount? It would be just the kind of swashbuckling coup he so relishes.

@TP8ac2 restructuring/refinancing =/= retiring the debt

He has to restructure the debt before he can purchase/retire it. It's only the first step though, and definitely not the same as retiring the debt

Does this market require a purchase of the entirety of Twitter's debt to resolve positively, or just a portion?

@CarsonGale Good question. Any such transaction regardless of the total amount. I mean, $13Bln is a lot. But presumably he has like $8Bln in cash handy based on recent sales. So he probably could do it all, but you are right it might come in tranches. @Spindle style.

@BTE Thanks - I'm a buyer then, since it seems highly likely that something will have to happen to restructure Twitter's capital structure...