Goldman Sachs to Help SoftBank Save WeWork

The transcript discusses the financial restructuring of WeWork, focusing on a $1.75 billion loan where SoftBank is the borrower and WeWork is the co-borrower. Goldman Sachs is facilitating this loan, stepping into a role previously held by JP Morgan, which had arranged a $6 billion credit facility for WeWork's IPO. SoftBank's bailout package for WeWork totals $9.5 billion, including a $1.5 billion equity injection and a $3 billion tender offer, giving SoftBank an 80% stake in WeWork. The transcript also covers Adam Neumann's departure from WeWork and his efforts to sell his Gramercy penthouse in New York.

What is the role of SoftBank in the loan structure involving WeWork?

• SoftBank is the underwriter.

• SoftBank is the co-borrower.

• SoftBank is the borrower.

• SoftBank is the lender.

Which bank initially led WeWork's IPO efforts before Goldman Sachs took a more prominent role?

• Bank of America

• Morgan Stanley

• JP Morgan

• Citibank

What percentage of WeWork will SoftBank own after the bailout is completed?

• 60%

• 70%

• 80%

• 90%

What significant change occurred in Adam Neumann's relationship with WeWork?

• He increased his shares in the company.

• He cut all ties with the company.

• He retained a board seat.

• He became the CEO again.

What is the estimated value of the top three floors of Adam Neumann's Gramercy penthouse?

• $20 million

• $30 million

• $25 million

• $27 million