Wework Inc On News Today

WeWork Inc on Monday said it had decided to withhold interest payments of about $95 million related to some of its notes, as it tries to improve its capital structure. The company...

The company has a 30-day grace period to make the interest payments before a non-payment can be considered an "event of default", WeWork said in a regulatory filing. The company has the liquidity to make the interest payments and may decide to pay "in the future", it added. The company withheld interest payments of about $37.3 million payable in cash and $57.9 million of payment-in-kind (PIK) notes, each payable on Monday.

Over the past week, several major corporate news headlines revolved around mega companies facing liquidity crisis due to prolonged negative cashflow.

WeWork shares tumble 27 per cent after sharing doubts about future

WeWork Inc on Tuesday raised substantial doubt about its ability to continue as a going concern, sending its shares down 19% in extended trading. (Reporting by Ananta Agarwal in Bengaluru; Editing by...

'We ended FY23 with a revenue of Rs 1,400 crore and Rs 250 crore in earnings,' says WeWork India

(Reuters) - WeWork Inc on Thursday said it turned a core profit in December for the first time since it went public, helped by cost cuts. The office-s...

Mathrani, a real estate industry veteran, was named WeWork's chief executive in 2020 and given the task of executing a turnaround after an IPO attempt and investor concerns over corporate governance standards.

Mathrani, a real estate industry veteran, was named WeWork’s chief executive in 2020.

WeWork Inc on Tuesday named Chief Executive Officer Sandeep Mathrani as chairman of the office sharing company, months after Marcelo Claure vacated the role. Mathrani, a real estate... | March 29, 2022