trending Market Intelligence /marketintelligence/en/news-insights/trending/Fin4rXPNKzce7jB2LicAEA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

WeWork enters commitment letter with Goldman for $1.75B new financing

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


WeWork enters commitment letter with Goldman for $1.75B new financing

WeWork Cos. Inc. and backer SoftBank Group Corp. entered into a commitment letter with Goldman Sachs Group Inc. whereby the embattled coworking giant will receive $1.75 billion in new financing, Bloomberg News reported, citing WeWork spokesperson Erin Clark.

Under the new deal, The We Co. unit will not be required to post any cash collateral, the news outlet quoted Clark as saying, adding that WeWork and Softbank are co-obligors on a senior secured and unsecured basis, respectively. Clark noted that WeWork will be able to access the facility starting in January 2020.

The new line of credit paves the way for SoftBank to arrange $5 billion of debt financing for WeWork as part of its previously agreed-upon bailout package. This should free up approximately $800 million in cash that the coworking company had earmarked to satisfy covenants on its previous credit line, Bloomberg added, citing two people familiar with the matter.