WeWork Inc. bonds have been sinking deeper into distressed territory after two high executives left the corporate on the heels of a posh debt restructuring.
WeWork’s roughly $163 million of seven.875% bonds due Might 2025 had been buying and selling arms at about 45 cents on the greenback on Thursday, down from about 55 cents in mid-Might, in response to BondCliQ knowledge.
Company…