Finance

WeWork close to securing $6bn pre-IPO credit

By 2019-08-06T08:06:00

Wework

Source: Shutterstock/ photobyphm

WeWork owner The We Company has obtained commitments from at least 10 banks for $6bn (£4.9bn) in credit facilities that remain crucial to the company’s ambitions to push ahead with its planned initial public offering (IPO), according to a report by Reuters.

JP Morgan is leading the transaction, while Bank of America Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank, HSBC, Goldman Sachs, Morgan Stanley, UBS and Wells Fargo are also reported to have been invited to the financing.

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