Wall Street funds explore potential bankruptcy plan for WeWork
The group, which includes BlackRock, King Street Capital and Brigade Capital, are holding preliminary talks about the company's restructuring options, the report said, and indicated they would support a plan for chapter 11 bankruptcy. Shares of WeWork were up about 12% at 13 cents in afternoon trade. BlackRock, King Street, Brigade and WeWork did not immediately respond to Reuters' requests for comments.
Nathan Gomes Krishna Chandra Eluri Wall Street Journal King Street Capital Brigade Capital King Street
Source: yahoo.com