Wework Issues 2025 Bond April 2018 – Conversion of the remaining $609.5mn of its 5% unsecured notes into new debt. To the senior notes indenture, dated as of april 30, 2018. Published april 27, 2018 daphne howland. By maya kosoff april 25, 2018
Wework announces expiration and final results of the exchange offers and consent solicitations and waiver and satisfaction of the minimum participation condition. More on wework and its bond. As per bloomberg, majority of the bondholders of its old notes have already agreed to the exchange. Wework is raising $500 million from the junk bond market and disclosing its financials, revealing several risks for investors.
Wework Issues 2025 Bond April 2018
Wework Issues 2025 Bond April 2018
The bonds, due in 2025, carry a. The drop was the biggest since the notes' april 2018 issuance. Wework its trying to reduce total debt by ~$1.5bn.
Alexandra scaggs and eric platt. (the old 7.875% notes) and 5.00% senior notes due 2025, series ii (the old 5.00% notes and, together with. After finalizing the terms last week, wework said that it will reduce total debt by ~$1.5bn through:
WeWork Has a Hefty Yield and a Red Flag Barron's
Short sellers pile into WeWork debt
WeWork Boosts JunkBond Deal to 702 Million in Debut Sale Bloomberg
WeWork WeWork Bond Sale Adam Neumann
WeWork to issue and sell 702 million of bonds to investors New York Business Journal
WeWork IPO filing strangest and most alarming things
WeWork(WE) IPO Is Likely to Be Postponed Bloomberg
WeWork IPO Timeline of Events Since Company's Failed IPO Attempt Business Insider
WeWork Bonds Are Already Slumping Bloomberg
WeWork blew it.
