Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
WeWork Inc. incurred senior notes of $189.6 million in aggregate principal amount of New Series II Notes and $122.9 million in aggregate principal amount of with SoftBank Vision Fund II-2 L.P. and a third party investor at 15.000% First Lien Senior Secured PIK Notes maturing due 2027.
- Instrument
- senior notes
- Principal
- $189.6 million in aggregate principal amount of New Series II Notes and $122.9 million in aggregate principal amount of
- Counterparty
- SoftBank Vision Fund II-2 L.P. and a third party investor
- Rate
- 15.000% First Lien Senior Secured PIK Notes
- Maturity
- due 2027
- Event
- incurrence
Exact text from the filing
On August 25, 2023, WeWork Companies LLC, a Delaware limited liability company (the "Issuer") and wholly-owned subsidiary of WeWork Inc., a Delaware corporation (the "Company"), WW Co-Obligor Inc., a Delaware corporation and wholly-owned subsidiary of the Issuer (the "Co-Obligor" and, together with the Issuer, the "Issuers"), drew under their existing delayed draw notes commitments entered into in March and May 2023, as applicable, and, in connection therewith, entered into a supplemental indenture (the "Second Supplemental Indenture") to the Base Indenture (as defined below) with the guarantors party thereto (collectively, the "Guarantors") and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"), pursuant to which the Issuers issued $189.6 million in aggregate principal amount of 15.000% First Lien Senior Secured PIK Notes due 2027, Series II (the "New Series II Notes"), and $122.9 million in aggregate principal amount of 15.000% First Lien Senior Secured PIK Not
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
WeWork Inc. entered into Second Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $189.6 million in aggregate principal amount of 15.000% First Lien Senior Secured PIK Notes due 2027 (effective 2023-08-25).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- U.S. Bank Trust Company, National Association
- Value
- $189.6 million in aggregate principal amount of 15.000% First Lien Senior Secured PIK Notes due 2027
- Effective
- 2023-08-25
Exact text from the filing
On August 25, 2023, WeWork Companies LLC, a Delaware limited liability company (the “Issuer”) and wholly-owned subsidiary of WeWork Inc., a Delaware corporation (the “Company”), WW Co-Obligor Inc., a Delaware corporation and wholly-owned subsidiary of the Issuer (the “Co-Obligor” and, together with the Issuer, the “Issuers”), drew under their existing delayed draw notes commitments entered into in March and May 2023, as applicable, and, in connection therewith, entered into a supplemental indenture (the “Second Supplemental Indenture”) to the Base Indenture (as defined below) with the guarantors party thereto (collectively, the “Guarantors”) and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), pursuant to which the Issuers issued $189.6 million in aggregate principal amount of 15.000% First Lien Senior Secured PIK Notes due 2027, Series II (the “New Series II Notes”), and $122.9 million in aggregate principal amount of 15.000% First Lien Senior Secured PIK Not
View on SEC.gov