The amount under discussion is bigger than previously reported, and the amount of time before WeWork could run out of cash is significantly shorter.
WeWork and lenders led by JPMorgan are discussing a $5 billion credit line for the struggling company, Bloomberg reported. The commercial real estate giant could run out of cash as soon as next month, Bloomberg and the Financial Times both reported. The amount of financing it's now seeking is bigger than previously reported, and the amount of time it has left before it runs out of cash is significantly shorter.
WeWork and lenders led by JPMorgan are discussing a $5 billion credit line for the struggling company, Bloomberg reported. The commercial real estate giant could run out of cash as soon as next month, Bloomberg and the Financial Times both reported. The amount of financing it's now seeking is bigger than previously reported, and the amount of time it has left before it runs out of cash is significantly shorter.
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