WeWork Inc., the long-struggling workspace rental startup, is in talks to raise hundreds of millions of dollars in finance to fund the operation. The person, who requested to remain anonymous because the discussions are private, claimed that Yardi Systems Inc., a Santa Barbara, California-based maker of real estate software, is considering making an investment. The collaboration between WeWork and Yardi dates back at least a year.

The proposed deal, if it goes through, would allow WeWork to restructure its debt and would provide a financial cushion of several years, said the person familiar with the negotiations. SoftBank Group Corp., the largest outside investor, doesn’t plan to contribute to the financing but is open to revising terms on WeWork’s loans, the person said.

Representatives for WeWork and SoftBank declined to comment. Yardi didn’t immediately respond to requests for comment. WeWork shares rose about 5% in extended trading. The potential investment was reported earlier Tuesday by the New York Times.

WeWork, once among the most valued businesses in America, has been struggling for a while. Its star founder, Adam Neumann, was fired as a result of a near-collapse in 2019 and received a multibillion-dollar rescue from SoftBank. Further harm was caused by the Covid-19 outbreak, which prompted the closure of numerous office buildings. Over the past year, WeWork's stock has decreased by nearly 76%. Neumann now oversees a startup in residential real estate and is no longer active in corporate management.