2023-07-21 10:09:33 ET
- WeWork ( NYSE: WE ) issued $116.7M in new notes to SoftBank ( OTCPK:SFTBY ) ( OTCPK:SFTBF ) ( OTCPK:SOBKY ) and $58.3M in new notes to an unnamed third party investor, the company disclosed on Friday.
- The co-working office space company issued new 15.000% first lien senior secured PIK notes due 2027, series II, to SoftBank ( OTCPK:SFTBY ). They were issued pursuant to a master first lien senior secured PIK notes note purchase agreement, dated as of May 5, 2023.
- The $58.3M tranche of notes are 15.000% first lien senior secured PIK notes due 2027, series III, were pursuant to certain securities purchase and commitment agreement, dated as of March 17, 2023,
For further details see:
WeWork issues $175M of new notes to SoftBank and unnamed investor