WeWork Secures Final Court Approval for Transformational Restructuring

WeWork’s plan of reorganization has been confirmed by the United States Bankruptcy Court for the District of New Jersey. The company expects to emerge from Chapter 11 in mid-June, following the completion of routine administrative matters.

May 31, 2024 Chapter 11 | David Tolley | Peter Greenspan | plan of reorganization | WeWork Brianna Wilson

WeWork Enters into Restructuring Support Agreement, Files for Chapter 11 Bankruptcy

Flexible workspace provider WeWork commenced a comprehensive reorganization to strengthen its capital structure and financial performance. As part of the reorganization plan, WeWork and certain of its entities filed for protection under Chapter 11 of the U.S. Bankruptcy Code.

November 7, 2023 Alvarez & Marsal North America | C Street Advisory Group | Cole Schotz | David Tolley | Epiq Corporate Restructuring | Goodmans | Hilco Real Estate | Kirkland & Ellis | PJT Partners | WeWork Ian Koplin

SoftBank Extends Maturity Date on WeWork’s $1.25B Credit Facility

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.

December 7, 2021 SoftBank Group | WeWork Phil Neuffer

Goldman Sachs Agents $1.75B L/C for WeWork

WeWork closed a new $1.75 billion senior secured letter of credit facility. Goldman Sachs is the administrative agent of the new facility.

February 12, 2020 BS Bank | Citibank | Deutsche Bank | Goldman Sachs | Mizuho | Natixis | SoftBank | WeWork nadine

Goldman Sachs Providing $1.75B L/C for WeWork

The Financial News reported that shared office operator WeWork has planned a $1.75 billion letter of credit led by Goldman Sachs.

December 18, 2019 Goldman Sachs | SoftBank Group | WeWork nadine

Goldman Sachs, JPMorgan Lead WeWork Debt Raise Prior to IPO

The Wall Street Journal reported that space sharing company WeWork is seeking to raise between as much as $10 billion through a debt facility before launching its IPO.

July 9, 2019 Goldman Sachs | JPMorgan | WeWork nadine

NYT: WeWork Seeking $750 Million Credit Facility

The New York Times reported that WeWork, a company that rents office space to freelancers and startups, is seeking a $750 million credit facility.

November 3, 2015 Deutsche Bank | Goldman Sachs | JPMorgan Chase | Morgan Stanley | WeWork Rita Garwood