Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
WeWork Inc. incurred revolving credit of not to exceed $370.0 million and $280.0 million respectively with Goldman Sachs International Bank; JPMorgan Chase Bank, N.A. maturing the earliest of (i) July 16, 2024, unless earlier terminated or extended for a one-month period, subject to certain conditions set forth in the DIP Credit Agree.
- Instrument
- revolving credit
- Principal
- not to exceed $370.0 million and $280.0 million respectively
- Counterparty
- Goldman Sachs International Bank; JPMorgan Chase Bank, N.A.
- Maturity
- the earliest of (i) July 16, 2024, unless earlier terminated or extended for a one-month period, subject to certain conditions set forth in the DIP Credit Agree
- Event
- incurrence
Exact text from the filing
On December 19, 2023, following approval by the Bankruptcy Court (the “ DIP Order ”), WeWork Companies U.S. LLC (the “ Borrower ”) and certain other Debtors entered into a senior secured first priority debtor‐in‐possession “last out” term loan C facility in an aggregate principal amount of $671.2 million (the “ Term Loans ” and such facility, the “ Junior TLC Facility ”) and a senior secured first priority cash collateralized debtor‐in‐possession “first out” letter of credit facility in an aggregate principal amount, plus any unreimbursed drawings thereunder, not to exceed, in the case of Goldman Sachs International Bank (“ Goldman Sachs ”), $370.0 million and, in the case of JPMorgan Chase Bank, N.A. (“ JPMorgan ”), $280.0 million at any time outstanding (the “ Senior LC Facility ” and, together with the Junior TLC Facility, the “ DIP Facilities ”), pursuant to a senior secured debtor‐in‐possession credit agreement (the “ DIP Credit Agreement ”), by and among the Borrower, Goldman Sac
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
WeWork Inc. incurred credit facility of $671.2 million with Softbank Vision Fund II-2 L.P. maturing the earliest of (i) the Senior LC Facility Date of Full Satisfaction, (ii) July 17, 2024 (or such later date as the Junior TLC Facility Lender may agree in its.
- Instrument
- credit facility
- Principal
- $671.2 million
- Counterparty
- Softbank Vision Fund II-2 L.P.
- Maturity
- the earliest of (i) the Senior LC Facility Date of Full Satisfaction, (ii) July 17, 2024 (or such later date as the Junior TLC Facility Lender may agree in its
- Event
- incurrence
Exact text from the filing
On December 19, 2023, following approval by the Bankruptcy Court (the “ DIP Order ”), WeWork Companies U.S. LLC (the “ Borrower ”) and certain other Debtors entered into a senior secured first priority debtor‐in‐possession “last out” term loan C facility in an aggregate principal amount of $671.2 million (the “ Term Loans ” and such facility, the “ Junior TLC Facility ”) and a senior secured first priority cash collateralized debtor‐in‐possession “first out” letter of credit facility in an aggregate principal amount, plus any unreimbursed drawings thereunder, not to exceed, in the case of Goldman Sachs International Bank (“ Goldman Sachs ”), $370.0 million and, in the case of JPMorgan Chase Bank, N.A. (“ JPMorgan ”), $280.0 million at any time outstanding (the “ Senior LC Facility ” and, together with the Junior TLC Facility, the “ DIP Facilities ”), pursuant to a senior secured debtor‐in‐possession credit agreement (the “ DIP Credit Agreement ”), by and among the Borrower, Goldman Sac
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.98
WeWork Inc. entered into DIP Credit Agreement with Softbank Vision Fund II-2 L.P., Goldman Sachs International Bank, JPMorgan Chase Bank, N.A. valued at aggregate principal amount of $671.2 million (Term Loans) plus up to $370.0 million (Goldman Sachs) (effective 2023-12-19).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Softbank Vision Fund II-2 L.P., Goldman Sachs International Bank, JPMorgan Chase Bank, N.A.
- Value
- aggregate principal amount of $671.2 million (Term Loans) plus up to $370.0 million (Goldman Sachs)
- Effective
- 2023-12-19
Exact text from the filing
On December 19, 2023, following approval by the Bankruptcy Court (the “ DIP Order ”), WeWork Companies U.S. LLC (the “ Borrower ”) and certain other Debtors entered into a senior secured first priority debtor‐in‐possession “last out” term loan C facility in an aggregate principal amount of $671.2 million (the “ Term Loans ” and such facility, the “ Junior TLC Facility ”) and a senior secured first priority cash collateralized debtor‐in‐possession “first out” letter of credit facility in an aggregate principal amount, plus any unreimbursed drawings thereunder, not to exceed, in the case of Goldman Sachs International Bank (“ Goldman Sachs ”), $370.0 million and, in the case of JPMorgan Chase Bank, N.A. (“ JPMorgan ”), $280.0 million at any time outstanding (the “ Senior LC Facility ” and, together with the Junior TLC Facility, the “ DIP Facilities ”), pursuant to a senior secured debtor‐in‐possession credit agreement (the “ DIP Credit Agreement ”), by and among the Borrower, Goldman Sac
View on SEC.gov