WeWork Results Presentation Deck
Post de-SPAC liquidity update
Summary pro forma capitalization table ($M)
Cash as of 9/30/21
$477
Net transaction proceeds
$1,209
($350)
$1,336
$669
$2,200
$33
$2,902
$1,566
$1,300
Repayment of secured CP facility
Pro forma cash
Senior notes
Senior unsecured notes
Subsidiary debt
Pro forma funded debt
Pro forma net funded debt
Pro forma LC facility
1.
2.
$477M
Cash as of
9/30/21
$750M
Available on
$1.1B Sr.
Secured
Notes
Facility (1)
$1,227M
Cash &
Unfunded
Cash
Commitments
as of 9/30/21
$259M
SPAC Trust
Proceeds
Net of
Transaction
Fees and
Expenses
$800M
PIPE
Proceeds
$150M
Cushman &
Wakefield
Investment
Proceeds
($750M)
Reduction
of $1.1B Sr.
Secured
Notes
Facility
$550M
New $550M
Sr. Secured
Notes
Facility
($350M)
Repayment
of $350M
Secured CP
Facility
$1,886M
$450M
$2,336M
1
Pro Forma
Cash and
Commitments
Unused LC
Capacity (2)
Reflects $750 million currently available under the $1.1 billion in SoftBank Senior Secured Notes. In the event that the Company elects to repay the $350 million currently outstanding under its LC Debt Facility, $1.1B would be
available under the SoftBank Senior Secured Notes.
$450 million letter of credit capacity available as of 09/30/21 pro forma for the business combination with BowX and repayment of the $350 million secured CP facility.
Pro Forma
Cash and
Commitments.
Incl. Unused
LC Capacity
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