Shared office space company WeWork prefers the option of a near $5 billion financing package led by JPMorgan Chase & Co to selling a controlling stake to Japan’s SoftBank Group Corp, Bloomberg reported https://bloom.bg/2pl8JmL late on Monday. The debt package may include at least $2 billion of unsecured notes with 15% coupon, according to Bloomberg. SoftBank has prepared a financing package that would give it control over the shared office space company, a person familiar with the matter told Reuters on Sunday. …read more
Source:: Yahoo Finance
