The Financial Times reported that JPMorgan is rushing to complete a debt deal as soon as next week, to give WeWork time to restructure.
WeWork has a huge pile of debt and now the firm's failed IPO left has left it running out of cash much sooner than expected, the Financial Times said. Two sources told the Financial Times that the firm's bankers are rushing to complete a new debt financing deal as soon as next week, to give WeWork the time to restructure. JPMorgan Chase, the bank that advised on the firm's IPO, is leading the refinancing negotiations.
WeWork has a huge pile of debt and now the firm's failed IPO left has left it running out of cash much sooner than expected, the Financial Times said. Two sources told the Financial Times that the firm's bankers are rushing to complete a new debt financing deal as soon as next week, to give WeWork the time to restructure. JPMorgan Chase, the bank that advised on the firm's IPO, is leading the refinancing negotiations.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
WeWork Founder Adam Neumann’s Trove of Pricey PropertiesIn good times, the entrepreneur borrowed hundreds of millions, snapped up at least six homes, and was eyeing more. Then last month happened.
Weiterlesen »
WeWork India seeks new backers after talks with local bank collapseWeWork's India franchise has seen talks with existing backer ICICI Bank on ...
Weiterlesen »
Will There Be Drop-off Drama for Rent the Runway and WeWork?The partners have both experienced issues with their separate businesses in recent weeks.
Weiterlesen »
WeWork to open two new locations in Singapore amid cost-cutting driveOffice-sharing startup WeWork on Thursday said it will open two new locations in...
Weiterlesen »
Amid a company meltdown and employee revolt, WeWork is sponsoring LinkedIn ads offering to help address 'lagging team morale'The promoted ad advising on 'lagging company morale' comes as many WeWork employees have called out the startup's chaotic work culture.
Weiterlesen »
WeWork to open two new locations in Singapore amid cost-cutting driveOffice-sharing startup WeWork on Thursday said it will open two new locations in...
Weiterlesen »