A group of major banks, including Morgan Stanley, Bank of America, Barclays, and Mitsubishi UFJ, has sold the final portion of the debt tied to Elon Musk’s $44 billion acquisition of Twitter, now known as X, Reuters reported on Monday.

The $1.2 billion in loans were sold at 98 cents on the dollar with a yield of 9.5%, marking the last tranche of the original $13 billion financing package that lenders have held on their books for nearly two years.

The sale represents a significant milestone for the banks, which have gradually offloaded the debt amid shifting investor sentiment and renewed confidence in X’s revenue prospects.

Musk’s ties to former U.S. President Donald Trump and ongoing efforts to revamp the platform have also contributed to easing concerns among debt buyers.

The financing for Musk’s 2022 takeover of Twitter consisted of a $6.5 billion secured term loan, a $500 million revolving credit line, $3 billion in unsecured loans, and another $3 billion in secured debt. Morgan Stanley led the deal, joined by six other lenders.