WeWork reaches agreement to convert $1b of SoftBank's debt into equity

WeWork reaches agreement to convert $1b of SoftBank's debt into equity

WeWork at Shoreditch, London. Photo by Uygar Kilic on Unsplash

WeWork Inc said on Friday it had reached a deal to convert about $1 billion of key investor SoftBank Group Corp‘s unsecured notes into equity, in an effort to restructure its finances.