WeWork Inc said on Friday it had reached a deal to convert about $1 billion of key investor SoftBank Group Corp‘s unsecured notes into equity, in an effort to restructure its finances.
Shares of the company rose 2.2% to $1 before the bell.
WeWork at Shoreditch, London. Photo by Uygar Kilic on Unsplash
WeWork Inc said on Friday it had reached a deal to convert about $1 billion of key investor SoftBank Group Corp‘s unsecured notes into equity, in an effort to restructure its finances.
Shares of the company rose 2.2% to $1 before the bell.