trending Market Intelligence /marketintelligence/en/news-insights/trending/juDvGm_-u8RKGz-DxSQ34Q2 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

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: WeWork parent to form board committee to review financing offers

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


Report: WeWork parent to form board committee to review financing offers

The We Co. is establishing a two-member special board committee that will review financing proposals from shareholder SoftBank Group Corp. and main lender JPMorgan Chase & Co., four people familiar with the matter told Reuters.

WeWork Cos. Inc.'s parent is raising new funds after postponing its IPO, and sources claim the flexible workspace provider could run out of cash as early as November, the news outlet reported.

The committee will include Bruce Dunlevie, a general partner at WeWork shareholder Benchmark Capital, and Lew Frankfort, former CEO of handbag-maker Coach, according to Reuter's sources, who added that the two will be tasked to represent the interests of all investors in the company. WeWork co-founder Adam Neumann and SoftBank are not going to be part of the committee.

Japan-based SoftBank is reportedly offering to provide roughly $5 billion in financing support in exchange for a larger stake in the company that could potentially give it control. WeWork plans to "ring-fence" the financing deliberations from the influence of its largest shareholder, the sources said.

JPMorgan was also reported to be leading a $5 billion debt package for WeWork.

The sources added that WeWork may opt to combine the offers.

A WeWork spokeswoman declined to comment, and We Co. directors did not immediately respond to Reuters' requests for comment. SoftBank declined to comment, and JPMorgan also did not immediately respond to requests for comment, Reuters added.