secwatch.observer — SEC 8-K summary
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Issuer:     WeWork Inc. (—)
CIK:        0001813756
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0001140361-23-042062
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WeWork draws $312.5M in new PIK notes at 15% from SoftBank and third party
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- Issued $189.6M Series II and $122.9M Series III First Lien Senior Secured PIK Notes due 2027 at 15.000%.
- Series II sold to SoftBank Vision Fund II-2; Series III to a third-party investor.
- Post issuance, $306.25M Series II and $181.25M Series III aggregate principal outstanding.
- Notes are unregistered, exempt under Section 4(a)(2) of Securities Act.
- Warrants delisted from NYSE; now trade on OTC Pink under symbol WEWOW (not part of debt event).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813756/000114036123042062/0001140361-23-042062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813756/000114036123042062/brhc20058164_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-042062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer