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This financing is part of a bailout package from SoftBank and it should free up roughly $800 million in cash that WeWork had set aside to satisfy covenants on its previous credit line.
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WeWork will be able to access the fund starting January.
WeWork, founded in 2010 and headquartered in New York City, previously reported having a dramatic collapse.
The company lost nearly $1 billion in the first half of the year and had faced questions about its finances and governance.
“We are pleased that WeWork and SoftBank Group Corp. have entered into a commitment letter with Goldman Sachs,” Erin Clark, a spokeswoman for WeWork, said.
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