Adam Neumann is in talks with Wall Street analysts to renegotiate the terms of a $ 500 m credit line borrowed against WeWork shares before the company filed to go public . Neumann has drawn down $ 380 m from the loan , which he was expected to repay once the company launched . The practice is known as a margin call. The lenders – banks , UBS 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 analysts to renegotiate the terms of a $ 500 m credit line borrowed against WeWork shares before the company filed to go public . Neumann has drawn down $ 380 m from the loan , which he was expected to repay once the company launched . The lenders – banks , UBS and Credit Suisse – are exploring options including requiring the WeWork co - founder to put up some of his other properties or assets as collateral .