SoftBank Group extended the maturity date of WeWork’s existing letter of credit facility from Feb. 10, 2023, to Feb. 9, 2024, with total commitments of $1.25 billion.
The Financial News reported that shared office operator WeWork has planned a $1.75 billion letter of credit led by Goldman Sachs.
Vehicle subscription app Fair closed a $500 million revolving credit facility led by Mizuho Bank.
Silicon Valley Bank closed a new $75 million credit facility for 10x Genomics.
SoftBank Group completed its acquisition of Fortress Investment Group for $3.3 billion in cash. Following the close, SBG and its wholly-owned subsidiaries own all outstanding Fortress shares.