WeWork is in talks with lenders led by JPMorgan Chase & Co. about a $5 billion debt package, seeking to head off a cash crush next month.
WeWork is in talks with lenders led by JPMorgan Chase & Co. about a $5-billion debt package, seeking to ease a cash crunch that could leave the office-sharing company short of money as soon as next month, according to people familiar with the matter.
SoftBank Group Corp., the largest shareholder in WeWork, is in advanced talks to acquire more shares at a significantly lower valuation than the $47 billion WeWork had in January, said two people familiar with those discussions. SoftBank had already agreed to contribute another $1.5 billion to the company in April, according to WeWork’s now-withdrawn prospectus for an initial public offering.
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