Por: MarketWatch Business June 02, 2023
WeWork bonds owned by holdouts of a recent debt restructuring are trading deeper in distressed territory at about 45 cents on the dollar. BondCliQ Corporate bonds trading below 70 cents are broadly considered distressed. WeWork bonds trading near 45 cents represent a small group of holdouts in a major recapitalization of the cash-burning company, which commenced in March and finalized in May. The deal cut about $1.2 billion of its debt, provided... + full article
MarketWatch USA Business June 02, 2023
WeWork bonds owned by holdouts of a recent debt restructuring are trading deeper in distressed territory at about 45 cents on the dollar. BondCliQ Corporate bonds trading below 70 cents are broadly considered distressed. WeWork bonds trading near 45 cents represent a small group... + más
WeWork's market cap is now smaller than its much more straight-laced rival as the market adjusts to reality | Business Insider
WeQuit: WeWork bonds sink after top executives resign from cash-burning company | MarketWatch
Business Insider USA Business May 19, 2023
Jump to 0 An icon in the shape of a person's head and shoulders. It often indicates a user profile. An icon in the shape of a person's head and shoulders. It often indicates a user profile. All Featured About Follow Subscriptions US Markets Loading... H M S In the news... + más
First on CNN: Next spring the economy will sink into a 1990-style mild recession, Fitch says | CNN
The New York Times USA Business March 08, 2023
WeWork, the troubled office space company built by the entrepreneur Adam Neumann that has struggled to right itself in recent years, is in talks with investors to restructure its outstanding debt of more than $3 billion and raise more cash.An infusion of cash would most likely... + más
WeWork shares rise as company holds talks to restructure debt | Fox Business
Fox Business USA Business March 08, 2023
Check out what's clicking on FoxBusiness.com WeWork is in talks to raise hundreds of millions in capital to support the business, according to Bloomberg. The long-struggling workspace rental company is reportedly in talks with Yardi Systems, a real estate software maker... + más
WeWork cutting hundreds of global jobs | Fox Business
Fox Business USA Business January 20, 2023
Evercore ISI senior managing director Mark Mahaney reveals which stocks could outperform if the US economy is hit with a recession on 'Varney & Co.' WeWork announced Thursday that the company is as it contends with the uncertain economy. In order to continue to... + más
WeWork plans to shutter 40 locations in US | Fox Business
Business Insider USA Business December 16, 2022
WeWork had once touted itself .Now WeWork faces a cash crunch as it struggles with increasing net losses and expensive long-term leases, watching as its market cap plunged from $2.3B at the start of December to $1.35 billion at the end of trading on Wednesday.WeWork's... + más
How to Get Rich By Losing Lots of Money | The Atlantic
Fox Business USA Business November 11, 2022
Check out what's clicking on FoxBusiness.com Office co-working company announced Thursday it has plans to shutter over three dozen locations across the U.S. Ticker Security Last Change Change % WEWORK 2.60 +0.17 +7.00% The WeWork intends to close are underperforming and... + más
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