WeWork Secures $1.75 Billion in Financing From Goldman

WeWork Secures $1.75 Billion in Financing From Goldman

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Business

University

Hard

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The transcript discusses a $5 billion financial package involving Goldman Sachs and WeWork. It covers the syndication of a $1.75 billion line of credit and a $3.25 billion restructuring plan, including senior secured and unsecured bonds. The market has reacted positively, with bond prices rising. The focus is on using $800 million in cash for profitable growth in key markets like London, New York City, and San Francisco, moving away from previous growth-at-all-costs strategies.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the company's goal regarding profitability as mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What type of growth is the company focusing on, as per the discussion?

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