Goldman Jumps Into WeWork Cleanup With Debt-Financing Plan
BLOOMBERG
SoftBank Group Corp. tapped Goldman Sachs Group Inc. for new financing to help revive one of its biggest bets — an investment in office-sharing company WeWork. Goldman is arranging a $1.75 billion line of credit, the first step in SoftBank’s pledge to put together $5 billion in debt financing for WeWork as part of its bailout package, according to people with knowledge of the matter. In a twist aimed at making the financing more palatable to other lenders, SoftBank will be listed as the bor…