NEW YORK (Reuters) – The price of WeWork’s U.S. junk bond fell to an all-time low on Tuesday, last trading at 78 cents on the dollar, as the company weighed financing options including a package that may include at least $2 billion of unsecured notes with a 15% coupon.
The office sharing company’s May 2025 7.875% junk bond worth $702 million was last down 12.5%, down 25.7% from a record high in mid-August.
WeWork parent We Companies is leaning toward a near $5 billion financing package led by JPMorgan Chase & Co (N:), instead of selling a controlling stake to Japan’s SoftBank Group Corp (T:), Bloomberg reported late on Monday. That debt package may include the additional $2 billion in bonds, Bloomberg said.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.