(Reuters] – Elon Musk talks about raising enough preferred and equity financing to finance his planned buyout. Twitter Inc Bloomberg Law reports that a $6.2 billion loan was not required to finance his Tesla Inc shares.

These were the billionaire’s advisors. Morgan Stanley (NYSE:), have begun soliciting interest from potential investors for as much as $6 billion in preferred equity financing, the report https://news.bloomberglaw.com/mergers-and-acquisitions/musk-seeks-to-scrap-tesla-margin-loan-with-new-twitter-funding?context=search&index=0 said, citing people with knowledge of the matter.

Twitter refused to comment while Musk couldn’t be reached.

Musk borrowed $12.5 billion to finance the purchase of Twitter. After bringing in coinvestors, Musk reduced the loan to $6.25 Billion earlier in this month.