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WeWork May Sell a Lot of Junk Bonds Just Like Netflix: Executive

  • Unidentified executive is said to disclose debt strategy
  • Office-rental firm could also issue whole-business bonds
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WeWork May Price Conservatively in $20 Billion Range: Equityzen

While WeWork is aiming for investment-grade status eventually, the office-rental company plans to rely on junk bonds for funding for the foreseeable future, a WeWork executive said in a meeting with analysts.

WeWork’s credit strategy would be similar to that used by cable companies and video streaming giant Netflix Inc., the unnamed finance executive said in the meeting this month, according to a person familiar with the matter, who asked to not be identified because the meeting was private.