Banking companies that lent $12.7 billion to Elon Musk for his $44 billion Twitter takeover will keep the financial debt until eventually early future calendar year as they wait for the billionaire to unveil a clearer business enterprise approach they can current market to investors, the Money Moments documented.

The group of creditors, led by Morgan Stanley, Financial institution of The us and Barclays, have conceded they will be caught keeping the credit card debt on their books for months or even lengthier and will in all probability stop up incurring large losses on the financing deal, in accordance to the report published Tuesday, citing sources.

Morgan Stanley, Financial institution of America and Twitter did not promptly react to Reuters’ ask for for comment, while Barclays declined to comment.