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WeWork Skipping $95M in Interest Payments as It Hopes to Negotiate With Lenders

WeWork has opted to skip $95.2 million in interest payments as it hopes to negotiate with its lenders to improve its capital structure, the company announced. Missing the payment brings WeWork into a 30-day grace period with its lenders to make the payments, which were due Monday. WeWork CEO David Tolley said in a statement that the company has “sufficient liquidity” to make the $95.2 million payments “and may in the future decide to do so.”
Adam Neumann David Tolleysaid New York Stock Exchange York Stock Exchange Wework Ceo David Tolley Interest Payments
Source: yahoo.com

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