The Financial Times reported that JPMorgan is rushing to complete a debt deal as soon as next week, to give WeWork time to restructure.
WeWork has a huge pile of debt and now the firm's failed IPO left has left it running out of cash much sooner than expected, the Financial Times said. Two sources told the Financial Times that the firm's bankers are rushing to complete a new debt financing deal as soon as next week, to give WeWork the time to restructure. JPMorgan Chase, the bank that advised on the firm's IPO, is leading the refinancing negotiations.
WeWork has a huge pile of debt and now the firm's failed IPO left has left it running out of cash much sooner than expected, the Financial Times said. Two sources told the Financial Times that the firm's bankers are rushing to complete a new debt financing deal as soon as next week, to give WeWork the time to restructure. JPMorgan Chase, the bank that advised on the firm's IPO, is leading the refinancing negotiations.
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