UPDATE 1-WeWork resolves landlord objections to bankruptcy financing

WeWork has resolved landlords' objections to its bankruptcy financing agreement, saying on Monday that it had agreed to reserve a portion of any future loans in an account that will be used for rent payments. U.S. Bankruptcy Judge John Sherwood, who is overseeing the SoftBank backed company's Chapter 11 proceedings, approved the compromise during a court hearing in Newark, New Jersey. The deal allows SoftBank to redirect up to $682.5 million into new credit facilities used to backstop the shared office space provider's rent obligations.