{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-190806","form_type":"8-K","ticker":null,"cik":"0001813756","company_name":"WeWork Inc.","filed_at":"2023-07-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.373342+00:00","generated_at":"2026-06-13T05:04:26.820198+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"WeWork issues $175M in 15% PIK notes due 2027; $116.7M to SoftBank, $58.3M to third party","bullets":["Issued $116.7M Series II and $58.3M Series III First Lien Senior Secured PIK Notes, each 15% due 2027.","Series II sold to SoftBank Vision Fund II-2; Series III sold to an unnamed third-party investor.","Notes issued via First Supplemental Indenture dated July 17, 2023, under existing Base Indenture.","Notes and guarantees unregistered, sold in reliance on Section 4(a)(2) of Securities Act."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-190806","json":"https://secwatch.observer/filing/0001193125-23-190806.json","markdown":"https://secwatch.observer/filing/0001193125-23-190806.md","text":"https://secwatch.observer/filing/0001193125-23-190806.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1813756/000119312523190806/0001193125-23-190806-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1813756/000119312523190806/d511870d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T05:04:26.820198+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1b110be843e8dcc043379af7b57e6f53b8ee342b","claim":"WeWork Inc. incurred senior notes of $116.7 million with SoftBank Vision Fund II-2 L.P. at 15.000% maturing due 2027.","evidence_excerpt":"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”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1813756/000119312523190806/0001193125-23-190806-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$116.7 million"},{"label":"Counterparty","value":"SoftBank Vision Fund II-2 L.P."},{"label":"Rate","value":"15.000%"},{"label":"Maturity","value":"due 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b60fb592cc83b24883886e4e5107738fe225b8fc","claim":"WeWork Inc. incurred senior notes of $58.3 million at 15.000% maturing due 2027.","evidence_excerpt":"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”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1813756/000119312523190806/0001193125-23-190806-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$58.3 million"},{"label":"Rate","value":"15.000%"},{"label":"Maturity","value":"due 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"87466d24fe717b57723b1707149faba7855cf3e3","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1813756/000119312523190806/0001193125-23-190806-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association, as trustee"},{"label":"Value","value":"$116.7 million in aggregate principal amount of 15.000% First Lien Senior Secured PIK Notes due 2027"},{"label":"Effective","value":"2023-07-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}