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This 200m is for JP Morgan and UBS who extended 500m credit line to Neumanm and he promptly drawn down $380 million. As JP Morgan is pushing for different visi
by chewz 7y ago
This 200m is for JP Morgan and UBS who extended 500m credit line to Neumanm and he promptly drawn down $380 million.
As JP Morgan is pushing for different vision of WeWork restructuring this is a pill to make sure they won't show loses on the credit line to Neumann.
I doubt that Neuman would be left with more then a few $ in his pocket.
https://www.nytimes.com/2019/09/25/business/wework-jpmorgan.html https://www.nytimes.com/2019/09/25/business/wework-jpmorgan....