---
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"
generated_at: "2026-06-13T05:04:26.820198+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# WeWork issues $175M in 15% PIK notes due 2027; $116.7M to SoftBank, $58.3M to third party

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-190806
- form_type: 8-K
- cik: 0001813756
- company_name: WeWork Inc.
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-190806
- JSON: https://secwatch.observer/filing/0001193125-23-190806.json
- Plain text: https://secwatch.observer/filing/0001193125-23-190806.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312523190806/0001193125-23-190806-index.htm
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312523190806/0001193125-23-190806-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1813756/000119312523190806/0001193125-23-190806-index.htm

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