By Adam Rhodes ( July 8, 2019, 5:35 PM EDT) -- WeWork is planning on offering billions of dollars in debt, the Wall Street Journal reported Sunday. According to the report, the shared workspace company wants to raise as much as $4 billion through a debt facility, which the company wants to put in place before an upcoming initial public offering. Citing anonymous sources, the outlet reported that the facility could reach $10 billion in the next several years and would be independent from the IPO proceeds. According to the Journal's report, WeWork lost $1.9 billion last year and wants to use the debt offering to bolster investor confidence before it goes public...
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