WeWork said it will also infuse the company with about $540 million in new funding. The Japanese company held a stake of about 46% in WeWork before the restructuring was announced, as per Refinitiv data. About $1.9 billion of pro-forma debt will now mature in 2027, WeWork said, adding that it would have less than $2.0 billion in net debt once the deal closes.
NEW YORK, March 17, 2023--WeWork Announces Comprehensive Agreement To Significantly Deleverage Capital Structure and Bolster Liquidity For Continued Growth
Yahoo Finance Live anchors Julie Hyman and Ines Ferre discuss reports that WeWork is in talks to restructure its debt.