WeWork to withhold interest payment on some notes
© Reuters. FILE PHOTO: A WeWork logo is seen at a WeWork office in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch/File Photo - Debt-laden WeWork said on Tuesday it has decided to withhold interest payment of about $6.4 million on some of its notes as the flexible workspace provider looks to improve its balance sheet.
The SoftBank-backed company added it has entered into an agreement with creditors for temporary postponement of payments for some of its other notes, with the debt-grace period nearing an end.Earlier this month, the company withheld interest payments of about $95 million related to some of its notes and entered into a grace period.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
WeWork to withhold interest payment on some notesDebt-laden WeWork (WE.N) said on Tuesday it has decided to withhold interest payment of about $6.4 million on some of its notes as the flexible workspace provider looks to improve its balance sheet.
Consulte Mais informação »
WeWork enters 7-day forbearance agreement with bondholders after 30-day grace period on interest payments expiredCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Consulte Mais informação »
Tommy Pham taking notes after Rangers' Mike Maddux jab in World SeriesMike Maddux took a jab at Diamondbacks’ Tommy Pham, who went 4-for-4 in Arizona’s 9-1 Game 2 win.
Consulte Mais informação »
Forza Motorsport Reveals First Content Update, Patch NotesForza Motorsport's first content update includes 200 fixes and a new track.
Consulte Mais informação »
Diablo 4 Update Makes Paragon Respecs Easier, Patch Notes RevealedDiablo 4 players can now respec their full Paragon board at the click of a button.
Consulte Mais informação »