WeWork Reaches Seven-Day Forbearance Agreement With Bondholders

WeWork Inc. entered into a seven-day forbearance agreement with its bondholders after a grace period to pay interest on several of its bonds expired, according to a regulatory filing.

At the beginning of October, the co-working firm withheld $37.3 million of cash and $57.9 million of in-kind payments on its debt, kicking off a 30-day grace period before a default. It said at the time that it had enough liquidity to make the payments and that it might elect to do so in the coming weeks.