WeWork Wins Interim OK Of $50M New Money DIP In Ch. 11

By Hilary Russ · May 7, 2024, 7:39 PM EDT

A New Jersey bankruptcy judge said Tuesday he will approve $50 million of debtor-in-possession financing for WeWork, overruling objections from the office space provider's co-founder and ex-CEO Adam Neumann, whose lawyers...

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Bankruptcy Scorecard

Summary

Workspace provider WeWork filed for Chapter 11 on Nov. 6 in New Jersey bankruptcy court with more than $10 billion in debt as it seeks to restructure its commercial office lease portfolio.

Case Number

2:23-bk-19865

Judge

John K. Sherwood

Venue

U.S. Bankruptcy Court for the District of New Jersey

Capital Structure

Total Liabilities:

$4.2 billion

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Related Sections

Case Information

Case Title

WeWork Inc.

Case Number

2:23-bk-19865

Court

New Jersey

Nature of Suit

Date Filed

November 06, 2023

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