WeWork enters 7-day forbearance agreement with bondholders after 30-day grace period on interest payments expired

WeWork Inc.’s stock WE rose 2.7% early Tuesday, after the company said it’s entered a seven-day forbearance agreement with bondholders after a 30-day grace period on the payment of interest expired. The office-sharing company skipped interest payments on some of its bonds in early October to give it time to discuss its options with its lenders and preserve some of its liquidity. The agreement is with creditors who include SoftBank Vision Fund II and Goldman Sachs International Bank. The company said it would withhold interest payment of about $6.4 million payable in cash on Nov. 1 on its 7.875% notes that mature in 2025….