WeWork’s got a new bank and a new line of credit. Goldman Sachs arranged a $1.75 billion line of credit for SoftBank Group with WeWork listed as a co-borrower, according to Bloomberg. The credit line is part of a larger bailout package SoftBank has committed to securing. WeWork was listed as a co-borrower in a bid to attract other lenders willing to front lines of credit to the beleaguered co-working company, which is desperate for
source https://therealdeal.com/2019/12/09/goldman-sachs-will-lead-phase-ii-of-softbanks-wework-rescue-plan/
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