---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-25-000191"
form_type: "8-K"
ticker: "UBER"
cik: "0001543151"
company_name: "Uber Technologies, Inc"
filed_at: "2025-05-20T23:59:59+00:00"
generated_at: "2026-05-20T23:57:19.550622+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Uber closes $1.15B 0% exchangeable notes due 2028, exchangeable for Aurora common stock

## Summary
- Offering raised $1.15B aggregate principal (incl. $150M greenshoe); notes mature May 15, 2028, bear 0% interest.
- Exchangeable into Aurora Innovation common shares at initial rate of 117.6471 units per $1,000 (~$8.50/share).
- Notes are senior secured by Aurora shares held by subsidiary Neben Holdings; guarantee limited to collateral.
- Net proceeds approximately $1.126B; use for general corporate purposes including potential strategic investments.
- Redemption allowed after May 21, 2027 if Aurora stock value exceeds 130% of exchange price for 20 of 30 trading days.

## SEC filing metadata
- accession: 0001552781-25-000191
- form_type: 8-K
- ticker: UBER
- cik: 0001543151
- company_name: Uber Technologies, Inc
- filed_at: 2025-05-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1543151/000155278125000191/0001552781-25-000191-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1543151/000155278125000191/e25222_uber-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-25-000191
- JSON: https://secwatch.observer/filing/0001552781-25-000191.json
- Plain text: https://secwatch.observer/filing/0001552781-25-000191.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.