WeWork amends leases, expects to emerge from Chapter 11 bankruptcy by May 31
April 2, 2024

The beleaguered coworking company, which filed for Chapter 11 bankruptcy protection inNovember, said in a statement it’s determined “a final path forward” at 90% of the locations in its global real estate portfolio through amended leases, new management agreements or lease rejections.

The company said it expects to emerge from Chapter 11 in the United States and Canada by May 31.

Since beginning its restructuring in September, WeWork says it has agreed in principle to amend about 150 leases, while another 150 leases have been rejected or an exit has otherwise been negotiated. An additional 150 leases will be assumed as part of the Chapter 11 process or will remain in effect internationally, according to the company.

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