2023-04-03 08:16:59 ET
- WeWork ( NYSE: WE ) announced that its subsidiaries - WeWork Companies and WW Co-Obligor - commenced separate offers to exchange any and all of the outstanding issuers' 7.875% senior notes due 2025 and 5.00% senior notes due 2025.
- Certain holders representing ~57% of the principal amount of the old 7.875% notes and ~68% of the principal amount of the old 5.00% notes have already agreed to tender their old notes in the Exchange Offers and provide their consent to support the Proposed Amendments in the Consent Solicitations.
- Each exchange offer and the related Consent Solicitation will expire on May 1, 2023.
For further details see:
WeWork subsidiaries commence exchange offers and consent solicitations for senior notes