JPMorgan Chase's refinancing package would be roughly worth $5 billion, company insiders told Bloomberg.
WeWork is reportedly favoring JPMorgan to help refinance the struggling real estate company over SoftBank taking a controlling stake, according to Bloomberg. Citing anonymous sources, Bloomberg said JPMorgan's $5 billion refinancing package is the preferred option, which may include $2 billion of unsecured payment-in-kind with a 15% coupon.
WeWork is reportedly favoring JPMorgan to help refinance the struggling real estate company over SoftBank taking a controlling stake, according to Bloomberg. Citing anonymous sources, Bloomberg said JPMorgan's $5 billion refinancing package is the preferred option, which may include $2 billion of unsecured payment-in-kind with a 15% coupon.
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