WeWork looking for $2.75 billion credit line ahead of IPO - Bloomberg
(Reuters) - Workspace operator WeWork Cos is in talks with banks to raise $2.75 billion in debt ahead of its initial public offering, Bloomberg reported on Wednesday, citing people familiar with the matter. JPMorgan Chase & Co is leading the potential financing, Bloomberg said
(Reuters) - Workspace operator WeWork Cos is in talks with banks to raise $2.75 billion in debt ahead of its initial public offering, Bloomberg reported on Wednesday, citing people familiar with the matter.
JPMorgan Chase & Co is leading the potential financing, Bloomberg said.
WeWork declined to comment, while JPMorgan did not immediately respond to a request for comment.
The company is currently preparing for a stock market listing, which could be the largest IPO after ride-hailing firm Uber Technologies.
In April, WeWork filed confidentially with the U.S. Securities and Exchange Commission for an IPO and was last valued at about $47 billion in a series of private fundraisings.
(Reporting By Aparajita Saxena in Bengaluru; Editing by James Emmanuel)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
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