WeWork, the struggling office space company, said on Friday that it had reached a deal with SoftBank and other investors to significantly reduce its debt and secure new financing.The agreement would cancel or convert into equity about $1.5 billion of the company's debt, reducing WeWork's total debt to less than $2.4 billion, the company said.
#years #individuals #significantly #chief-executive #small-businesses #office-space #business-model #commercial-real-estate #annual-report #adam-neumann
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