Banks Frustrated by Twitter's Finances After Funding Musk's Buyout

Banks that funded Musk's Twitter deal formed a "sell-down letter" to prevent fire sale of debt.

Due to Twitter's poor finances, banks are stuck holding the debt and can't sell it.

Morgan Stanley, Barclays, and Bank of America agreed to the letter that expires Jan 15.

Letter requires banks to give each other right of first refusal if one gets an offer.

Banks frustrated by poor financial info from Twitter, makes selling debt difficult.