WeWork Can Use $650M DIP To Issue Letters Of Credit
Bankrupt office space provider WeWork Inc. can use $650 million in debtor-in-possession financing as collateral, a New Jersey bankruptcy judge ruled Monday, which will allow it to renew and issue letters of credit required under leases during reorganization.
WeWork is represented by Michael D. Sirota, Warren A. Usatine, Felice R. Yudkin and Ryan T. Jareck.
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