WeWork is unable to make interest payment to Bondholders - a CRE casualty?
WeWork Skips $95 Million Interest Payment to Bondholders to Start Debt Talks WSJ article on WeWork missing payment The co-working company says it may make up the missed payment during a 30-day grace period By Ben Glickman on Oct. 2, 2023 5:29 pm ET|WSJ PRO Who is WeWork? (The following section is extracted from their website ) WeWork was founded in 2010 with the vision to create environments where people and companies come together and do their best work. Since opening our first location in New York City, we’ve grown into a global flexible space provider committed to delivering technology-driven flexible solutions, inspiring spaces, and community experiences. Today, we’re constantly reimagining how the workplace can help everyone, from freelancers to Fortune 500s, be more motivated, productive, and connected. Our network 700+ locations globally 39 countries 682,000 physical memberships 70,000 All Access memberships *As of December, 2022 The following is an extract from Wikip...