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      "text": "WeWork Inc. (\"WeWork\" or the \"Company\"), the global leader in flexible workspace, is pursuing a comprehensive operational and balance sheet restructuring to optimize its location footprint and de-lever the balance sheet",
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      "text": "The Restructuring Support Agreement (\"RSA\") contemplates a wholesale de-leveraging transaction in which substantially all prepetition claims will be equitized and/or cancelled",
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      "text": "However, the Business Plan is premised on certain assumptions related to impact of the Company's portfolio optimization efforts that will be further refined as there is more visibility into actual exits and lease savings achieved",
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      "text": "RSA parties include (i) an ad hoc group of bondholders representing approximately 89% of the First Lien Series I Notes and approximately 85% of the Second Lien Notes, (ii) SoftBank, 100% holder of each of the First Lien Series II Notes, Second Lien Exchangeable Notes, and Third Lien Exchangeable Notes, and (iii) Cupar Grimmond, 100% holder of the First Lien Series III Notes",
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