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WeQuit: WeWork bonds sink after prime executives resign from cash-burning firm

The News Trenders

2 Jun, 2023

WeWork Inc. bonds have been sinking deeper into distressed territory after two prime executives left the corporate on the heels of a posh debt restructuring.

WeWork’s roughly $163 million of seven.875% bonds due Might 2025 have been buying and selling fingers at about 45 cents on the greenback on Thursday, down from about 55 cents in mid-Might, in line with BondCliQ information.

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