"The banks marketed the deal last week with an intention to sell down the debt at 90-95 cents to the dollar but managed to price it at a higher price of 97 cents... In late 2022, an attempt to sell the unsecured loan attracted bids in the 60 cents to the dollar range which would have seen the banks take on a large loss on the face value of the debt."

https://www.reuters.com/business/finance/banks-sell-down-55-...

so I was wrong to say they were as low as 40 cents, but the point stands that twitter's financials have improved a great deal