WeWork sold $700 million in bonds Wednesday to investors wary of another startup with unstable cash flow entering the debt market. The New York-based firm that offers hip co-working spaces initially sought to raise $500 million, but the company was able to raise an additional $200 million in seven year bonds with an interest rate of 7.875 percent. JPMorgan Chase advised WeWork on the bond sale. Adam Neumann’s company doubled its revenue last year to […]
source https://therealdeal.com/2018/04/26/wework-raises-700m-in-bond-sale-but-concerns-are-raised/
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