WeWork arranges $1.75 billion credit line with Goldman Sachs

NEW YORK (Reuters) - Shared workplace operator WeWork said on Tuesday it has arranged a $1.75 billion letter of credit with Goldman Sachs that is in the process of being syndicated and whose funds are expected to be available in January. The credit line is part of SoftBank Group Corp's $9.5 billion bailout that was announced in October when money-losing WeWork was on the brink of running out of cash after its plans to go public were abruptly withdrawn a month earlier

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