Elon Musk assured closing the acquisition of Twitter Inc. by Friday in a video conference with bankers serving to fund the deal, per the media report. The banks providing $13 billion of debt financing finished putting together the final credit contract and are signing the documentation process, the last steps before sending the cash to Musk.

Twitter shares skipped on the news and traded high as $53.18, impending Musk’s $54.20 acquisition price. The Wall Street lenders, controlled by Morgan Stanley, had been preparing to fund the debt, Bloomberg previously reported. But nothing is certain with Musk; the mercurial billionaire was looking to back out of the deal. These newest developments recommend he is in the final stages of concluding the transaction by a court-issued 28th October deadline. The media reported that the banks are likely to receive one of the last formalities, i.e. a borrowing notice, and the cash is probable to be held in escrow on Thursday. Wall Street banks have previously had to use about $30 billion of their own cash to fund loans for attainments and buyouts that weren’t able to offload to investors. As projected, it would swell to over $40 billion once banks fund the Twitter deal on Friday.

Twitter’s total acquisition price is $44 billion. The banks dedicated to providing the debt financing in April when an investor appetite for the risky assets was more robust, hopping to sell $6.5 billion of leveraged loans and $6 billion of junk bonds, split similarly into secured and unsecured tranches.

Besides, they also provided $500 million of a special type of loan classically held by banks known as a revolving credit facility, which will be borrowed from and paid back until maturity by Twitter.