WeWork’s Bond Exchange Gets 86% Participation by Early Deadline

Holders of nearly 86% of eligible WeWork Inc.’s bonds opted to swap their holdings for new debt and equity as part of the company’s sweeping restructuring plan.

The coworking firm said in a statement Monday that holders of more than three-quarters of its 7.875% notes due 2025 and 98% of its 5% bonds due 2025 agreed to receive new debt and shares, or a larger allocation of shares, in the company by an early deadline.

WeWork started the swap earlier this month with support from holders of a majority of the notes. The exchange is part of a restructuring ...