A pedestrian walks past a closed entrance to the WeWork co-working office space on Eastcheap in London, UK, October 7 2019. Picture: BLOOMBERG/BRYN COLTON.
The office-sharing company is trying to reach terms on a financing package to ease the cash crunch, including one that’s contingent on an equity injection, most likely by SoftBank, one of the people said, asking not to be identified discussing private talks. One of the people said a deal was expected in the next two to three weeks.
The company’s bond prices climbed from record lows amid reports of the financing talks. Its senior unsecured notes due 2025 were up 1.125c on the dollar to about 83.5 on Friday at 9.40am in New York, after dropping to as low as 81.25c on Thursday, according to Trace bond trading data.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WeWork will run out of money by the end of November, sources sayThe company is said to be trying to reach terms on a financing package, including one contingent on an equity injection, most likely by SoftBank The end of the hoax...these businesses are no more than ponzi schemes in that there is no profit accountability.....when the music stops you find even the chairs were a mirage
Source: BDliveSA - 🏆 12. / 63 Read more »
WeWork will run out of money by the end of November, sources sayThe company is said to be trying to reach terms on a financing package, including one contingent on an equity injection, most likely by SoftBank The end of the hoax...these businesses are no more than ponzi schemes in that there is no profit accountability.....when the music stops you find even the chairs were a mirage
Source: BDliveSA - 🏆 12. / 63 Read more »