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 senior notes of $116.7 million with SoftBank Vision Fund II-2 L.P. at 15.000% maturing due 2027.
- Instrument
- senior notes
- Principal
- $116.7 million
- Counterparty
- SoftBank Vision Fund II-2 L.P.
- Rate
- 15.000%
- Maturity
- due 2027
- Event
- incurrence
Exact text from the filing
On July 17, 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”), the guarantors party thereto (collectively, the “Guarantors”) and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), entered into a supplemental indenture (the “First Supplemental Indenture”) to the Base Indenture (as defined below) pursuant to which the Issuers issued $116.7 million in aggregate principal amount of 15.000% First Lien Senior Secured PIK Notes due 2027, Series II (the “New Series II Notes”)
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
WeWork Inc. incurred senior notes of $58.3 million at 15.000% maturing due 2027.
- Instrument
- senior notes
- Principal
- $58.3 million
- Rate
- 15.000%
- Maturity
- due 2027
- Event
- incurrence
Exact text from the filing
pursuant to which the Issuers issued $116.7 million in aggregate principal amount of 15.000% First Lien Senior Secured PIK Notes due 2027, Series II (the “New Series II Notes”), and $58.3 million in aggregate principal amount of 15.000% First Lien Senior Secured PIK Notes due 2027, Series III (the “New Series III Notes” and, together with the New Series II Notes, the “New Notes”)
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
WeWork Inc. entered into First Supplemental Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $116.7 million in aggregate principal amount of 15.000% First Lien Senior Secured PIK Notes due 2027 (effective 2023-07-17).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- U.S. Bank Trust Company, National Association, as trustee
- Value
- $116.7 million in aggregate principal amount of 15.000% First Lien Senior Secured PIK Notes due 2027
- Effective
- 2023-07-17
Exact text from the filing
On July 17, 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”), the guarantors party thereto (collectively, the “Guarantors”) and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), entered into a supplemental indenture (the “First Supplemental Indenture”) to the Base Indenture (as defined below) pursuant to which the Issuers issued $116.7 million in aggregate principal amount of 15.000% First Lien Senior Secured PIK Notes due 2027, Series II (the “New Series II Notes”), and $58.3 million in aggregate principal amount of 15.000% First Lien Senior Secured PIK Notes due 2027, Series III (the “New Series III Notes” and, together with the New Series II Notes, the “New Notes”).
View on SEC.gov