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WeWork Bond Offering Could Cover Coworking Firm’s Expenses for a Year, S&P Says

Shared Office Space Provider to Raise $1.1 Billion in Deal With Investor SoftBank
WeWork, with spending down about $700 million annually from a year ago, according to S&P Global, is getting set to raise new capital. (Getty Images)
WeWork, with spending down about $700 million annually from a year ago, according to S&P Global, is getting set to raise new capital. (Getty Images)
CoStar News
August 24, 2020 | 3:41 P.M.

WeWork’s planned $1.1 billion debt offering is projected by a major bond ratings provider to be enough to fund its cash burn through at least the next 12 months, leading the coworking company to no longer face short-term surveillance for a potential downgrade.

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