(AOF) – WeWork, the workspace provider founded in 2010, has filed for protection under American bankruptcy law. A WeWork spokesperson said about 92% of creditors agreed to convert their secured debt into stock as part of a restructuring deal, erasing about $3 billion in debt.
WeWork and certain of its subsidiaries have initiated Chapter 11 protection proceedings. [la loi sur les faillites, ndlr] and intend to file recognition proceedings in Canada under the Business Creditor Agreement Act,” the group announced in a press release.
This procedure does not concern its subsidiaries outside the United States and Canada, specifies the company, estimating that its “global operations will continue, as usual”
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