WeWork skips $95M in interest payments just 2 months after the co-working startup warned of possible bankruptcy
WeWork has skipped interest payments of $95 million that were due on five of its bonds on Monday. As a result, the company has “entered into the 30-day grace period” before a potential default. Shares of WeWork fell by 25%
The post WeWork skips $95M in interest payments just 2 months after the co-working startup warned of possible bankruptcy first appeared on TechStartups.
WeWork has skipped interest payments of $95 million that were due on five of its bonds on Monday. As a result, the company has “entered into the 30-day grace period” before a potential default. Shares of WeWork fell by 25% […]
The post WeWork skips $95M in interest payments just 2 months after the co-working startup warned of possible bankruptcy first appeared on TechStartups.