WeWork's 2025 junk bond falls to record low

This post was originally published on this site

https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEFAH1NT_L.jpg

NEW YORK (Reuters) – Shared-office operator WeWork’s 2025 junk bond fell to a record low on Monday, with its last yielding bid at 16.06%.

The We Company, owner of WeWork, said on Wednesday that net losses in the third quarter more than doubled to $1.25 billion. The company had added a record number of desks to its global network but was unable to control rising costs.

The New York Times reported on Sunday that WeWork is preparing to cut 4,000 jobs, citing two people with knowledge of the matter.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.