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Home News Coworking

WeWork Calls In Restructuring Advisors

In another effort to stave off bankruptcy, WeWork has gathered experts for restructuring advice.

Lesley MillerbyLesley Miller
August 23, 2023
in Coworking, Coworking
Reading Time: 2 mins read
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WeWork Calls In Restructuring Advisors
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WeWork is taking new steps to avoid filing Chapter 11 bankruptcy by bringing in advisors to help with a restructuring, Bloomberg News reported on Wednesday citing people familiar with the matter.

The company has re-engaged law firm Kirkland & Ellis, consultant Alvarez & Marsal and hired real estate advisor Hilco Global for advice on its available options. WeWork also added four restructuring specialists — Paul Aronzon, Paul Keglevic, Elizabeth LaPuma and Henry Miller — to its board earlier this month, according to Bloomberg News.

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The goal is to restructure its debts outside of court, but that depends largely on its ability to deal with a long list of leases in expensive markets.

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Lesley Miller

Lesley Miller

Lesley Miller is Managing Editor of Allwork.Space, and is based in Tampa, Florida. She is a word nerd who has worked as an editor, writer, and custom content marketer for more than 10 years. She enjoys freelance travel writing as a way to relive her best travel experiences and find inspiration for future trips.

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