2023

WeWork’s lease termination increase mortgage bond exposure to .5 billion

WeWork’s lease termination increase mortgage bond exposure to $2.5 billion

WeWork Inc.’s plan to terminate leases on at least 69 properties will add to the mortgage bonds affected by the coworking company shuttering locations, raising that total to $2.5 billion. And much more debt is potentially at risk. A WeWork logo is seen outside its offices in San Francisco, California, U.S.(REUTERS) WeWork, once valued at $47 billion, needs to slash costs and shore up its...

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