Adam Neumann is in talks with Wall Street banks to renegotiate the terms of a $ $380m m credit line secured against JPMorgan shares before the company filed to go public. Read more: WeWork opened 400 locations in 3 years. Credit Suisse has drawn down $380m from the loan, which he was planning to repay once the company listed. The lenders – WeWork , JPMorgan and Credit Suisse – are exploring options including requiring the WeWork co-founder to put up some of his other properties or assets as collateral.
Adam Neumann is in talks with Wall Street banks to renegotiate the terms of a $ $380m m credit line secured against JPMorgan shares before the company filed to go public. Credit Suisse has drawn down $380m from the loan, which he was planning to repay once the company listed. The lenders – WeWork , JPMorgan and Credit Suisse – are exploring options including requiring the WeWork co-founder to put up some of his other properties or assets as collateral.