The tender was supposed to have begun five business days after an initial payment of $1.5 billion to WeWork was in place, Real Deal said, citing a letter from Softbank to WeWork investors. The payment was made Oct. 30, but sources told the publication that no tender offer has been extended, it said.WeWork’s 7.
875 per cent note due in May 2025 fell 2.25 cents on the dollar to a bid of 74 cents, according to Refinitiv data. The bond now yields a record 15.02 per cent and its spread, a measure of the premium investors demand for the added risk of holding WeWork’s bond rather than safer securities like U.S. Treasury debt, widened to a record 13.40 percentage points.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WeWork loses $1.25-billion in third quarterThe losses outpaced an eye-popping 94 per cent spike in revenue
Source: globeandmail - 🏆 5. / 92 Read more »
Alibaba poised to launch record-breaking $13.4-billion Hong Kong share sale, sources sayA sale of that size will dilute existing shareholders by 2.8 per cent and investors will be able trade shares between the two exchanges, the source said
Source: globeandmail - 🏆 5. / 92 Read more »
Doctors: Warmer world is unhealthier place for childrenChildren are growing up in a warmer world that will hit them with more and different health problems than their parents experienced, an international report by doctors said. LOL what Humans since the dawn of time have done better in warmer periods as opposed to cooler ones. Where do people find this over educated morons who have never read a history book? Solar Minimum - The wold will be colder for the next 10-25 yrs Wow!
Source: CTVNews - 🏆 1. / 99 Read more »
WeWork loses $1.25-billion in third quarterThe losses outpaced an eye-popping 94 per cent spike in revenue
Source: globeandmail - 🏆 5. / 92 Read more »
Nine-year-old child genius to graduate universityA child prodigy from Belgium is on course to gain a bachelor's degree at the tender age of nine. Now that is incredibly amazing!!! Lol Please keep him away from liberals and their infectious stupidity and insanity. LiberalismIsAMentalDisorder Who cares ? Just lower my TAXES NOW
Source: CTVNews - 🏆 1. / 99 Read more »