As it prepares to exit bankruptcy, WeWork has disclosed that it will assume another 89 leases in the U.S. and Canada, including most of its leases in Los Angeles and Orange County.
The company said in a statement it has now determined a path forward at more than 97% of its lease portfolio.
WeWork, which had previously announced the assumption of 77 leases, said it expects to emerge from bankruptcy operating more than 170 locations across the U.S. and Canada and a total of 377 locations globally. WeWork's restructuring is projected to reduce its total rent commitments by more than $11B.
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