secwatch.observer — SEC 8-K summary
======================================

Issuer:     Uber Technologies, Inc (UBER)
CIK:        0001543151
Form:       8-K
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0001552781-25-000191
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1543151/000155278125000191/0001552781-25-000191-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1543151/000155278125000191/e25222_uber-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-25-000191

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer