WeWork Seeks Fresh Cash With Bankruptcy at ‘Critical Juncture’
- Company blames holdout landlords for disrupting bankruptcy
- WeWork says demands pose risk of losing ‘forest for the trees’
WeWork said its efforts “are at a critical juncture,” in a court filing that responds to complaints by a number of landlords.
Photographer: Yuki Iwamura/BloombergThis article is for subscribers only.
Co-working giant WeWork Inc. is seeking fresh financing in order to finish negotiating rent cuts with landlords and exit bankruptcy, it revealed in a court filing.
The beleaguered company needs the funds mainly to pay rent on office spaces used by its customers, while it deliberates which buildings around the world to keep and which to shed as part of its Chapter 11 reorganization.