debt
confidence high
sentiment positive
materiality 0.65
Uber completes $4B senior notes offering, to repay term loans and redeem 8% notes due 2026
Uber Technologies, Inc
- Total $4B offering: $1.25B 4.300% notes due 2030, $1.5B 4.800% notes due 2034, $1.25B 5.350% notes due 2054.
- Proceeds used to fully repay ~$1.97B term loan and redeem $1.5B 8.00% Senior Notes due 2026 in Nov 2024.
- Remaining net proceeds for general corporate purposes; notes are senior unsecured obligations.
- Underwriters include Morgan Stanley, BofA Securities, J.P. Morgan Securities.