WeWork is planning to make its debut sale on the bond market with a $500 million selloff of junk bonds. The Adam Neumann-led co-working company will be issuing seven-year senior unsecured bonds to raise funding for general corporate purposes, and they should price on April 26, according to Bloomberg. WeWork saw revenue of $886 million in 2017, and the company has $706 million in lease commitments this year. It generated $244 million in cash last […]
source https://therealdeal.com/2018/04/24/wework-is-selling-500m-in-junk-bonds/
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