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WeWork restructuring deal to exit bankruptcy spurns Adam Neumann

WeWork restructuring deal to exit bankruptcy spurns Adam Neumann
crainsnewyork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainsnewyork.com Daily Mail and Mail on Sunday newspapers.

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WeWork cuts new restructuring deal that spurns co-founder Neumann

Lenders have agreed to provide roughly $612 million in financing in exchange for equity. Read more at straitstimes.com.

New jerseyUnited statesCupar grimmondStevenn serajeddiniSusheel kirpalaniJohnk sherwoodAdam neumannSoftbank groupJudge sherwood

WeWork reaches settlement with creditors, rebuffs Adam Neumann bid, ET RealEstate

WeWork has struck an agreement with senior lenders, who have agreed to provide the business with roughly $450 million in Chapter 11 and exit financing in exchange for equity in the reorganized business.

New jerseyUnited statesEli vonnegutStevenn serajeddiniAdam neumannSusheel kirpalaniSoftbank group corpRepresentative image imagewework incRepresentative imageRepresentative imagewework incSoftbank groupSoftbank group corpAdam neumannStevenn serajeddini

WeWork Cuts Restructuring Deal to Exit Bankruptcy, Spurning Adam Neumann

WeWork Cuts Restructuring Deal to Exit Bankruptcy, Spurning Adam Neumann
bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.

New jerseyUnited statesAdam neumannStevenn serajeddiniWework incSoftbank group corpSoftbank group

WeWork spurns Adam Neumann, finalises new overhaul deal

WeWork has struck an agreement with senior lenders, who have agreed to provide the business with roughly $450 million in Chapter 11 and exit financing in exchange for equity in the reorganized business. SoftBank and other owners of the company s existing letters of credit could also swap their debt holdings for stock after exiting Chapter 11, WeWork lawyer Steven N. Serajeddini said during a Monday bankruptcy court hearing in New Jersey.

New jerseyUnited statesStevenn serajeddiniSusheel kirpalaniEli vonnegutAdam neumannSoftbank group corpWework incSoftbank group

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