News for hackers. Stuff that matters.

A comment on WeWork to Sell $500M of Bonds in Debut Sale. Parent comment

Re:WeWork to Sell $500M of Bonds in Debut Sale by pm90 on Tuesday April 24, 2018 @03:08PM (#16915623)
Why would a landlord accept these terms? Isn't the landlord increasing their exposure to financial default? And if the parent is true and they are operating in premium markets, there should be a lot of other willing tenants right?
[ Parent | on HN ]
Re:WeWork to Sell $500M of Bonds in Debut Sale by YokoZar on Tuesday April 24, 2018 @04:33PM (#16916274)
You may have answered your own question. If you can relet the space more easily when WeWork Subsidiary LLC breaks the lease, then the landlord's default risk is reduced.

Plus, maybe there's a large deposit.

[ Parent | on HN ]
Re:WeWork to Sell $500M of Bonds in Debut Sale by fanzhang on Tuesday April 24, 2018 @07:46PM (#16917662)
A lot of other potential tenants are small anyway and have the same problems as WeWork Subsidiary LLC -- they can default and go under.
[ Parent | on HN ]