Moneycontrol

Budget 2021

Associate Partners:

  • SMC
  • Samsung
  • Volvo

Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo
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WeWork has sufficient cash to meet challenges posed by virus

WeWork told bond investors in a letter reviewed by Reuters that it is in a sound finacial position to execute its plan through 2024.

March 27, 2020 / 01:37 PM IST
WeWork

WeWork

WeWork told investors on Thursday the $4.4 billion in cash and cash commitments it had on hand at year-end 2019 is sufficient to execute its five-year plan, including managing the challenges posed by the recession-bearing coronavirus crisis.

WeWork told bond investors in a letter reviewed by Reuters that it is in a sound finacial position to execute its plan through 2024.

The company has said it will release full-year 2019 results to bond holders after markets close at 4 p.m. on Thursday.
Reuters
first published: Mar 27, 2020 01:37 pm

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