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WeWork's attempt to tap junk-bond investors isn't working this time — 'Their borrowing model is seriously in question at this point'
  • According to news reports, WeWork is exploring the possibility of issuing junk bonds to fulfill its funding needs after its biggest shareholder SoftBank reportedly urged the group to shelve its pending IPO plans. 
  • The company has issued junk bonds 2018, but investors wouldn't be as receptive now given its recent slash in valuation and uncertainty around its finances. 
  • "If the company's value is in question the whole thing unravels," said John McClain, a portfolio manager at Diamond Hill, in an interview with Business Insider. 
  • Click here for more BI Prime stories.
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Full "The Business Insider: The Money Game" article




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