WeWork is now reportedly talking with JPMorgan about a $5 billion credit line and could run out of cash next month without it
|10/11/2019||Posted by BusinessMediaguide.Com under General World News||
- WeWork and lenders led by JPMorgan are discussing a $5 billion credit line for the struggling company, Bloomberg reported.
- The commercial real estate giant could run out of cash as soon as next month, Bloomberg and the Financial Times both reported.
- The amount of financing it’s now seeking is bigger than previously reported, and the amount of time it has left before it runs out of cash is significantly shorter.
- WeWork was expecting to raise $3 billion in an initial public offering last month, which would have also unlocked $6 billion in additional debt financing, but all that fell read more >>>