speedracer

4 ms·

1. 1.▲
   by speedracer 7y ago

   I wonder if Softbank has released all of it's funds to WeWork. they usually release them in tranches based on milestone achievements. In this case doing an IPO was likely one. Which is probably why they were pushing against doing an IP
2. 2.▲
   by speedracer 7y ago

   They don't have early termination provisions!?? That better have come at a steep discount for WeWork to take such a risk.
3. 3.▲
   by speedracer 7y ago

   Extremely levered indeed. I imagine that they will reduce the lease terms from the current average of 15 years when occupancy rates tighten. At that point they have a different problem, their margin difference between their lease payments a
4. 4.▲
   Google Photos

   2 points by speedracer 10y ago|0 comments