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Monday 09 December 2019 6:57 pmSoftbank taps Goldman for Wework debt financing planBy: Edward ThicknesseShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleWework saviour Softbank has approached Goldman Sachs for financi stanley cup ng as it attempts to reinvigorate the flexible working space provider.The banking giant is securing a $1.8bn  pound;1.4bn  line of credit, the first stage in Softbankrsquo  $5bn debt financing package for Wework.Read more: Wework names four new executives and outlines six point plan for profitability by 2023According to Bloomberg, which broke the story, Softbank will be listed as the borrower and Wework as the co-borrower in an attempt to make the plan more acceptable to other lenders.After the initial credit line is in place an additional package of $3.3bn will be arranged to finish the financing plan. The facility will replace existing arrangements totalling around $1.1bn.Wework declined to comment. City A.M. has contacted Softbank and Goldma owala tumbler n Sachs for comment.  Read moreQuinbrook Advances UKrsquo  Largest Synchronous Condenser Portfolio with pound;156M Financing and Final Scottish Project LaunchIn October Japanrsquo  Softbank provided Wework with a $9.5bn rescue package, which saw it take over roughly 80 per  stanley becher cent of the firmrsquo  shares.Wework has suffered a high-profile fall from grace since its $47bn valuation in January.The company was forced to  Pfci Commercial TV is poaching BBC Three rsquo  younger viewers
Wednesday 02 October 2013 6:39 amMP quit stanley polska s role to spend more time with his All-Party Freight Transport GroupBy: Peter SpenceShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleLabour MP Rob Flello has resigned as shadow justice minister  after careful consideration  in order  to return to the backbenches to focus on my other parliamentary interests.Flello is chair of the All-Party Freight Transport Group, which states as its objective that it will  promote freight transport issues and provide a forum to discuss challenges and opportunities facing the industry in all its forms. This comes ahead of an expected Labour shadow frontbench reshuffle by Labour leader Ed Miliband. Flello has been a part of the shadow ministerial team since Miliband because leader in 2010. Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCa owala water bottle tegoriesCity A.M. ContentTrending ArticlesLabour will regret the Rentersrsquo; Rights ActUK at lsquo;greatest riskrsquo; of jet fuel shortage as flights to be cancelledJet fuel shortage looms as government scrambles to secure suppliesAfter Santanderrsquo  TSB takeover ndash; who are the top players in UK banking Clairersquo  Accessories to launch UK high street comebackMore from City AMMiliband sl polene ca ammed for net zero sprint as high costs hamper businessesEnergyLondon local elections 2026: Who will win in Lewisham LondonReform UK