Brief: BowX Acquisition Says WeWork Executed Second Amendment To Senior Secured Note Purchase Agreement

Wework

29/09/2021 13:53

Sept 29 (Reuters) - BowX Acquisition Corp  BOWX.O :
    * BOWX ACQUISITION - WEWORK EXECUTED SECOND AMENDMENT TO
SENIOR
SECURED NOTE PURCHASE AGREEMENT, AS PREVIOUSLY AMENDED, WITH
AFFILIATE OF SOFTBANK GROUP
    * BOWX ACQUISITION - AMENDMENT FURTHER EXTENDS THE
EXPIRATION OF
THE DRAW PERIOD UNDER AGREEMENT FROM SEPTEMBER 30, 2021 TO
OCTOBER 31, 2021
    * BOWX ACQUISITION - UNDER WEWORK'S LOAN AGREEMENT WITH
THIRD
PARTY FOR $349.0 MILLION OF CASH IN EXCHANGE FOR LETTERS OF
CREDIT, WEWORK EXTENDED MATURITY DATE TO OCT. 29, 2021

Further company coverage:  BOWX.O 

 ((Reuters.Briefs@thomsonreuters.com;))