WeWork cleared to exit bankruptcy and slash $4 billion in debt, court says-August 2024-www.financetom.com

WeWork cleared to exit bankruptcy and slash $4 billion in debt, court says

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WeWork cleared to exit bankruptcy and slash $4 billion in debt, court says

May 30, 2024 7:55 AM

NEW YORK, May 30 (Reuters) - A U.S. bankruptcy judge on

Thursday approved WeWork's ( WEWOQ ) Chapter 11 bankruptcy plan, allowing

the shared office space provider to eliminate $4 billion in debt

and hand the company's equity over to a group of lenders and

real estate technology company Yardi Systems.

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