In addition to the debt financing, SoftBank is proposing to accelerate a previous $1.5 billion equity commitment to WeWork in the form of warrants that are due in April, the sources said.
This commitment was made at a $47 billion valuation, but SoftBank is now seeking to renegotiate it at a valuation of less than $10 billion, sources have said.
console.log("catid body is "+catID);if(catID==120){document.getElementsByClassName("divConnatix")[0].style.display ="none";var script = document.createElement('script'); script.src = 'https://player.anyclip.com/anyclip-widget/lre-widget/prod/v1/src/lre.js'; script.setAttribute('pubname','jpostcom'); script.setAttribute('widgetname','0011r00001lcD1i_12258'); document.getElementsByClassName('divAnyClip')[0].appendChild(script);}else if(catID!=69 && catID!=2){ document.getElementsByClassName("divConnatix")[0].style.display ="none"; var script = document.createElement('script'); script.src = 'https://static.vidazoo.com/basev/vwpt.js'; script.setAttribute('data-widget-id','60fd6becf6393400049e6535'); document.getElementsByClassName('divVidazoo')[0].appendChild(script); }WeWork's board will meet on Tuesday to evaluate SoftBank's offer, one of the sources said. JPMorgan Chase & Co has been trying to put together an alternative financing package, sources have said.
WeWork, SoftBank and JPMorgan declined to comment.
