WeWork Could Be Considering A Potential Bond Sale To Raise More Capital
WeWork is on the hunt for investors, and sources say the co-working behemoth may be looking to Israeli firms for a capital injection.
While the $20B company has already raised over $6B since its 2010 inception, The Real Deal reports WeWork executives may be seeking additional funding to back expansion plans that could be used to fund global real estate projects and other private endeavors.
Senior executives traveled to Israel last week and met with several local institutions, including investment firms Meitav Dash, Menora Mivtachim Group and Phoenix to discuss raising funds through bond sales. Discount Capital Underwriting, a financial services firm, is also rumored to be helping with a potential debt offering.
There are no details about how much money WeWork is hoping to raise with this latest venture, but the trip was an opportunity to meet with potential investors and learn about the Israeli market.
WeWork has been aggressively expanding its offerings and footprint this year. In August, it announced a $4.4B investment from Japanese telecom giant SoftBank. Approximately $1.4B of the investment was allocated toward WeWork's expansion into Asia.
