WeWork’s Debt Capacity

14 October 2019

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In the wake of the pulled IPO of The We Company (f/k/a as WeWork Companies, Inc.) the company’s ability to incur debt is of interest. In its S-1/A for the IPO, WeWork contemplated a new bank facility, to be entered into concurrently with the equity offering. That facility would have provided $2B of letters of credit and $4B of delayed draw term loans; however, only $1B of those loans would have been available “prior to receipt of financial statements for the three months ended June 30, 2020.” Download  the full story to learn more about WeWork's Debt Capacity.