secwatch.observer — SEC 8-K summary
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Issuer:     WeWork Inc. (—)
CIK:        0001813756
Form:       8-K
Filed at:   2023-12-26T23:59:59+00:00
Accession:  0001140361-23-059419
Event type: debt
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813756/000114036123059419/0001140361-23-059419-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813756/000114036123059419/ef20017367_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-059419

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