WeWork Amends Leases, Expects to Emerge From Chapter 11 With Two Active Phoenix Locations

Article originally posted on Phoenix Business Journal on April 3, 2024

New York-based WeWork Inc. said Tuesday it expects to emerge from Chapter 11 by the end of the spring.

The beleaguered coworking company, which filed for Chapter 11 bankruptcy protection in November, 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.