文本选自：The Guardian（卫报）
作者：Blake Montgomery and Callum Jones
原文标题：WeWork, once a $47bn firm, files for bankruptcy after accruing $2.9bn debt
原文发布时间：7 Nov. 2023
WeWork, once a $47bn firm, files for bankruptcy after accruing $2.9bn debt
WeWork filed for chapter 11 bankruptcy on Monday in New Jersey, according to a statement from the company. The beleaguered company, once valued at $47bn on the private market, endured a 98% decline in its share price this year, leaving it with a market capitalization of less than $50m. In August, it raised "substantial doubt" that it could continue to operate as it grappled with $2.9bn in net long-term debt and more than $13bn in long-term leases. The company said in a statement it had entered into a restructuring support agreement and would deal with the debt by "addressing our legacy leases and dramatically improving our balance sheet".
Company leadership also asserted that most WeWorks would remain open for the foreseeable future. "WeWork spaces remain open and operational and we will continue to provide our members with the exceptional experience they have come to expect, " WeWork's statement reads. "WeWork is here to stay and we plan to remain in the vast majority of buildings as we move into the future."
Shares in WeWork were suspended on Monday as Wall Street braced for it to file for bankruptcy, following reports that it was planning to do so. According to the company's statement, it has entered a restructuring support agreement with stakeholders to drastically reduce its existing funded debt. As part of the filing, WeWork will request the ability to reject the leases of certain, largely non-operational, locations.
应计负债29亿美元，曾市值470亿美元的WeWork申请破产
精听党背景导读
据新华社援引《华尔街日报》10月31日报道，美国“联合办公空间”公司（WeWork）计划最早在下周申请破产。
目前，正值借贷成本上扬冲击美国商业地产市场。《华尔街日报》报道这一消息后，WeWork股票价格在当天盘后交易中下跌32%。路透社报道，其股价今年以来已下跌约96%。
而据证券时报，WeWork中国似乎未受影响。在2020年全面实现本土化运营后，WeWork对中国市场积极布局，今年分别在武汉、上海、北京陆续开幕新社区。
文本选自：The Guardian（卫报）作者：Blake Montgomery and Callum Jones原文标题：WeWork, once a $47bn firm, files for bankruptcy after accruing $2.9bn debt原文发布时间：7 Nov. 2023关键词：WeWork 负债 破产
精听党带着问题听
1.“资本化”用英语可以如何表达？2. 如何理解第一段的“legacy”？3. WeWork目前市值多少？
精听党选段赏析
标题解读
WeWork, once a $47bn firm, files for bankruptcy after accruing $2.9bn debt
应计负债29亿美元，曾市值470亿美元的WeWork申请破产
file for 申请；提出…申请；
bankruptcy n. 破产；倒闭；
accrue vt.（利益、好处等）产生，形成；（钱不断地）积累，增加；1. the interest accruing to my account 我账户内的累积利息；
debt n. 欠款，债务；负债情况；人情债；1. to pay off one’s debts 还清欠款；
段一
WeWork filed for chapter 11 bankruptcy on Monday in New Jersey, according to a statement from the company. The beleaguered company, once valued at $47bn on the private market, endured a 98% decline in its share price this year, leaving it with a market capitalization of less than $50m. In August, it raised “substantial doubt” that it could continue to operate as it grappled with $2.9bn in net long-term debt and more than $13bn in long-term leases. The company said in a statement it had entered into a restructuring support agreement and would deal with the debt by “addressing our legacy leases and dramatically improving our balance sheet”.
beleaguered adj. 围困的；包围的；陷入困境的；
endure vt. 持续存在，持久；忍受，忍耐；
capitalization n. 资本化；资本总额；1. market capitalization [经]（股票等的）市值；市场总值；
substantial adj. 大量的，价值巨大的；牢固的，结实的；基本的，实质性的；
grapple with 与…搏斗；扭打；努力克服；尽力克服；1. to grapple with someone 与某人扭打；2. to grapple with a problem 努力解决问题；
net adj. 净得的；净重的；最后的，最终的；1. net profit 纯利；净利润；净利；纯利润；2. net worth 资产净值；净值；资本净值；净资产；
long-term debt 长期负债，长期债务；1. The company has a significant amount of long-term debt. 该公司有大量的长期债务。
lease n. 租约；租期；租赁物；租赁权；
restructuring n. 调整，改组，重建；
legacy n. 遗产，遗赠物；遗留问题，后遗症；
balance sheet 资产负债表；资产平衡表；
参考译文
根据WeWork的一份声明，该公司周一在新泽西州申请了第11章破产保护程序。这家陷入困境的公司曾在私人市场上估值470亿美元，今年股价下跌了98%，市值不到5000万美元。今年8月，该公司因正面临29亿美元的净长期债务和逾130亿美元的长期租赁负债，被“严重怀疑”能否继续运营下去。该公司在一份声明中表示，已达成一项重组支持协议，并将通过“解决问题租赁和大幅改善资产负债状况”来处理债务。
段二
Company leadership also asserted that most WeWorks would remain open for the foreseeable future. “WeWork spaces remain open and operational and we will continue to provide our members with the exceptional experience they have come to expect,” WeWork’s statement reads. “WeWork is here to stay and we plan to remain in the vast majority of buildings as we move into the future.”
assert vt. 断言；主张；声称；维护，坚持；1. to assert one’s innocence 坚称自己无辜；
foreseeable adj. 可预知的，可预料的；
operational adj.（机器、设备等）正常运转的，可使用的；操作的，运营的，业务的；军事行动的；操作论的，操作主义的；
exceptional adj. 卓越的，杰出的；不寻常的，罕见的；（心理或身体上）有缺陷的；
vast adj. 巨大的，广大的，广阔的，大量的；1. vast majority 绝大多数，大部份；
参考译文
公司领导层还声称，在可预见的未来，大多数WeWorks将继续开放。WeWork在声明中写道:“WeWork办公空间仍将保持开放和运营，我们将继续为我们的会员提供他们所期待的非凡体验。WeWork将会持续存在，我们打算以后继续留在绝大多数租赁大楼中。”
段三
Shares in WeWork were suspended on Monday as Wall Street braced for it to file for bankruptcy, following reports that it was planning to do so. According to the company’s statement, it has entered a restructuring support agreement with stakeholders to drastically reduce its existing funded debt. As part of the filing, WeWork will request the ability to reject the leases of certain, largely non-operational, locations.
suspend vt. 暂停，中止；使暂停使用（或生效）；使暂时停职（或停学等）；延缓，推迟；
brace for 做好准备；
stakeholder n. 股东，利益相关者；赌金保管人；（争执或销售时的）财产保管人；
drastically adv.（动作或变化）猛烈地，力度大地 ；极其，非常；剧烈地；1. to drastically reduce employment prospects 大幅降低就业前景；急剧减少就业机会；
funded adj. 提供资金的；1. funded debt 长期债券；固定债务；融资债务；
reject vt. 拒绝，否决（提议、建议或请求）；
参考译文
WeWork股票周一停牌，华尔街做好了应对该公司申请破产的准备，此前有报道称该公司正计划申请破产。根据该公司的声明，已与各股东达成一项重组支持协议，以大幅减少其现有的融资债务。作为申请破产的一部分，WeWork将要求有权拒绝某些基本非经营性地点的租赁。
精听党每日单词
file for
申请；提出…申请；
bankruptcy
/ˈbæŋkrʌptsi/ n. 破产；倒闭；
accrue
/əˈkruː/ vt.（利益、好处等）产生，形成；（钱不断地）积累，增加；
debt
/det/ n. 欠款，债务；负债情况；人情债；
beleaguered
/bɪˈliːɡərd/ adj. 围困的；包围的；陷入困境的；
endure
/ɪnˈdʊr/ vt. 持续存在，持久；忍受，忍耐；
capitalization
/ˌkæpɪtələˈzeɪʃn/ n. 资本化；资本总额；
substantial
/səbˈstænʃ(ə)l/ adj. 大量的，价值巨大的；牢固的，结实的；基本的，实质性的；
grapple with
与…搏斗；扭打；努力克服；尽力克服；
net
/net/ adj. 净得的；净重的；最后的，最终的；
long-term debt
长期负债，长期债务；
lease
/liːs/ n. 租约；租期；租赁物；租赁权；
restructuring
/ˌriːˈstrʌktʃərɪŋ/ n. 调整，改组，重建；
legacy
/ˈleɡəsi/ n. 遗产，遗赠物；遗留问题，后遗症；
balance sheet
资产负债表；资产平衡表；
assert
/əˈsɜːrt/ vt. 断言；主张；声称；维护，坚持；
foreseeable
/fɔːrˈsiːəb(ə)l/ adj. 可预知的，可预料的；
operational
/ˌɑːpəˈreɪʃən(ə)l/ adj.（机器、设备等）正常运转的，可使用的；操作的，运营的，业务的；军事行动的；操作论的，操作主义的；
exceptional
/ɪkˈsepʃən(ə)l/ adj. 卓越的，杰出的；不寻常的，罕见的；（心理或身体上）有缺陷的；
vast
/væst/ adj. 巨大的，广大的，广阔的，大量的；
suspend
/səˈspend/ vt. 暂停，中止；使暂停使用（或生效）；使暂时停职（或停学等）；延缓，推迟；
brace for
做好准备；
stakeholder
/ˈsteɪkhoʊldər/ n. 股东，利益相关者；赌金保管人；（争执或销售时的）财产保管人；
drastically
/ˈdræstɪkli/ adv.（动作或变化）猛烈地，力度大地 ；极其，非常；
funded
/ˈfʌndɪd/ adj. 提供资金的；
reject
/rɪˈdʒekt/ vt. 拒绝，否决（提议、建议或请求）；
精听党文化拓展
WeWork创办于2010年，在纽约曼哈顿起家。WeWork长期承租并改造房屋，然后分割为不同的办公空间，再短期转租给其他企业。日本软银集团是WeWork的主要投资者。
WeWork2019年计划首次公开募股（IPO）时，《华尔街日报》评论，对那些在私人市场获得高估值却依然亏钱的企业而言，IPO将是一场新考验。WeWork时任首席执行官亚当·诺伊曼却认为，投资者应用类似技术股的估值体系对待WeWork，因为这家企业增长迅速，为客户提供多样服务。
2021年，当WeWork终于启动IPO，其市值远低于2019年在私人市场470亿美元的估值。软银集团耗巨资支持WeWork，但后者持续亏损。
据中新经纬，证券监管公告显示，截至今年6月，WeWork在全球39个国家设有777个办公地点，其中包括在美国的229个办公地点。据公开文件显示，WeWork从今年下半年到2027年底估计有100亿美元的租赁债务到期，从2028年开始还有150亿美元租赁债务到期。
证券监管公告还显示，该公司2023年前六个月消耗资金5.3亿美元，截至6月手头现金约为2.05亿美元。
精听党每日美句
"It's not about how hard you hit. It's about how hard you can get hit and keep moving forward." - Rocky Balboa
“重要的不是你能打击别人多重，而是你能承受多重的打击并坚持向前。”——洛基·巴尔博亚