---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-059419"
form_type: "8-K"
ticker: null
cik: "0001813756"
company_name: "WeWork Inc."
filed_at: "2023-12-26T23:59:59+00:00"
generated_at: "2026-06-07T07:28:54.693414+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# WeWork enters $671.2M DIP credit agreement with SoftBank, Goldman Sachs, JPMorgan

## Summary
- DIP Credit Agreement signed Dec 19, 2023: $671.2M term loan from SoftBank; $650M LC facilities from Goldman Sachs ($370M) and JPMorgan ($280M).
- Maturity July 2024; proceeds used to cash collateralize LCs and for working capital; secured, superpriority.
- Bankruptcy Court approved DIP order Dec 19; facility is senior secured with liens on substantially all assets.
- WeWork common stock delisted from NYSE, now trades OTC Pink under WEWKQ; warrants under WEWOW.

## SEC filing metadata
- accession: 0001140361-23-059419
- form_type: 8-K
- cik: 0001813756
- company_name: WeWork Inc.
- filed_at: 2023-12-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1813756/000114036123059419/0001140361-23-059419-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1813756/000114036123059419/ef20017367_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-059419
- JSON: https://secwatch.observer/filing/0001140361-23-059419.json
- Plain text: https://secwatch.observer/filing/0001140361-23-059419.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000114036123059419/0001140361-23-059419-index.htm
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000114036123059419/0001140361-23-059419-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813756/000114036123059419/0001140361-23-059419-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.