Dodge

With help from SoftBank, WeWork has dodged a financial crisis. WeWork is cutting debt below 2.4 billion dollars, from 3.6 billion dollars, and pushing the bulk of its maturities to 2027, from 2025. WeWork gets more than 1 billion dollars  of new funding and capital commitments and “cancels or equitizes” 1.5 billion dollars of debt, including 1 billion dollars held by SoftBank, which will be converted into equity, and 690.5 million dollars in unsecured notes converted into debt and equity.