Tag: WeWork

Activity, Corporate Banking

Goldman Sachs Agents $1.75B L/C for WeWork

February 12, 2020

Via: ABF Journal

WeWork closed a new $1.75 billion senior secured letter of credit facility. Goldman Sachs is the administrative agent of the new facility. Goldman Sachs, Citibank, DBS Bank, Deutsche Bank, Mizuho, Natixis and Société Générale participated in the syndication as joint […]

Activity, Investment Banking

WeWork could burn through $10 billion rescue finance in 10 months without major cost cuts, experts say

October 25, 2019

Via: Market Watch

Office-share startup WeWork could blow through its near $10 billion rescue financing package from SoftBank Group Corp in about 10 months unless it quickly implements significant cost cuts, according to Loren Trimble, chief executive officer of AArete, a global consulting […]