BowX Acquisition Corp (BOWX) Secures Backstop Financing

BowX Acquisition Corp. (NASDAQ:BOWX) announced this afternoon that ahead of it’s combination vote tomorrow to complete it’s transaction with WeWork, BowX has entered into a backstop agreement for up to $150 million with DTZ Worldwide Limited, the parent company to Cushman & Wakefield U.S., Inc., or “C&W”. Previously, WeWork and C&W had been in non-binding discussions
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