WeWork Results Presentation Deck
Capitalization table
As of December 31, 2021
$US millions
Pro forma cash
$1.75B / $1.25B Senior Secured LC Facility (¹) (2)
$550/500M Senior Secured Notes
(3)
JapanCo Debt
Pro forma total secured debt
Senior Unsecured Notes
Senior Unsecured Notes (Series II)
Senior Unsecured Notes (Series 1)
Pro forma total funded debt
Pro forma net funded debt
Coupon
19
5.600%
7.500%
2.500% - 3.000%
7.875%
5.000%
5.000%
Maturity
2/10/2024
2/12/2024
Various
5/1/2025
7/10/2025
7/10/2025
Amount
$924
$35
$35
$669
$550
$1,650
$2,904
$1,980
1. On December 6, 2021, the Company executed the Third Amendment to the Credit Agreement. As amended, the 2020 LC Facility terminates on February 10, 2024 and reduces to $1.25 billion beginning on February 10, 2023.
2. As of December 31, 2021, $1.25B of standby letters of credit were outstanding under the 2020 LC Facility. The Company has also entered into various other letter of credit arrangements, the purpose of which is to guarantee payment under certain
leases entered into by JapanCo and PacificCo, totaling $8.1 million outstanding.
3. On December 16, 2021, the Company, WW Co-Obligor Inc. and the Note Purchaser entered into an amendment to the A&R NPA pursuant to which the Note Purchaser agreed to extend its commitment to purchase up to an aggregate principal amount
of $500.0 million of the Amended Senior Secured Notes that may be issued by the Company from February 12, 2023 to February 12, 2024. The Amended Senior Secured Notes will mature on February 12, 2024. The Company has the ability to draw until
February 12, 2024.
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