WeWork shares rise as company holds talks to restructure debt

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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.

 

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