WeWork seeks funds and help to break free from bankruptcy.

February 15, 2024
1 min read

WeWork has filed a motion in federal bankruptcy court, requesting additional financing to pay overhead expenses as it continues its Chapter 11 reorganization efforts. The company stated that it needs an unknown amount of cash to pay rent while it renegotiates deals with landlords. WeWork sees several landlords as opposing its goal of keeping locations open and retaining employees, as they are demanding above-market rent and holding the struggling company responsible for back rent and penalties. The company did not disclose where it is seeking additional financing or how much it will need to successfully emerge from the bankruptcy process.

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