WeWork shares rise as company holds talks to restructure debt

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

WeWork, the workplace rental company is reportedly in talks with Yardi Systems to restructure debt.

The talks reportedly center around allowing WeWork to restructure its debt and would get a financial cushion of several years, according to a person familiar with the negotiations.

SoftBank Group, the largest outside investor, doesn’t plan to contribute to the financing but is open to revising terms on WeWork’s loans.WeWork declined to comment when reached by FOX Business.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines