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 .
Adam Neumann is in talks with Wall Street banks to renegotiate the terms of a $500m credit line secured against WeWork shares before the company filed to go public. Neumann has drawn down $380m from the loan, which he was planning to repay once the company listed. The lenders – JPMorgan, 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.