Events surrounding the We Company ’s IPO have raised concerns among the banks that provided WeWork co - founder and CEO Adam Neumann with a $ 500 m credit line . Bankers are worried that shares Neumann pledged for the loan have decreased in value and may not adequately cover the potential loss , according to Bloomberg , citing people commenting on the discussions . Regulatory filings show that as of 31 July , Neumann had drawn down $ 500 m from a $ 500 m credit line extended by JPMorgan , UBS and Credit ##or that was secured by some of his shares in WeWork . It is not clear what changes the banks may seek , or what right they may have , although the filing shows that the lenders have the ability to make a margin call if the stock declines below a certain level . The credit line is scheduled to mature next September, but may be extended at the discretion of lenders. The margin facility is due to mature next September .
Events surrounding the We Company ’s IPO have raised concerns among the banks that provided WeWork co - founder and CEO Adam Neumann with a $ 500 m credit line . Bankers are worried that shares Neumann pledged for the loan have decreased in value and may not adequately cover the potential loss , according to Bloomberg , citing people commenting on the discussions . Regulatory filings show that as of 31 July , Neumann had drawn down $ 500 m from a $ 500 m credit line extended by JPMorgan , UBS and Credit ##or that was secured by some of his shares in WeWork . It is not clear what changes the banks may seek , or what right they may have , although the filing shows that the lenders have the ability to make a margin call if the stock declines below a certain level . The margin facility is due to mature next September .