Money-losing WeWork seeks $2.75 billion credit line in advance of planned IPO

WeWork’s largest backers include SoftBank Group Corp. Earlier this year, SoftBank decided against taking a controlling stake in WeWork, which …

In 2014, WeWork obtained a $650-million revolving credit line from JPMorgan that expires in late 2020, according to data compiled by Bloomberg. The company’s junk-rated bonds, priced in 2018 and due in 2025, closed at $93.50 on Tuesday, a decline from a peak of $99.63 earlier this month.

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