Uber Technologies, Inc. (Uber) has announced the issuance of $4 billion in senior notes, divided into three tranches with varying maturity dates and interest rates. The first tranche of $1.25 billion carries a 4.300% interest rate and is due in 2030, the second tranche of $1.5 billion carries a 4.800% interest rate and is due in 2034, and the third tranche of $1.25 billion carries a 5.350% interest rate and is due in 2054. Interest on these senior notes will be paid semi-annually with specific starting dates in 2025. Uber has the option to redeem these notes at any time at specified redemption prices. The notes are unsecured obligations and rank equally with Uber's existing and future unsecured senior indebtedness. They will be issued in registered book-entry form...Show More

Uber Technologies, Inc. (Uber) has announced the issuance of $4 billion in senior notes, divided into three tranches with varying maturity dates and interest rates. The first tranche of $1.25 billion carries a 4.300% interest rate and is due in 2030, the second tranche of $1.5 billion carries a 4.800% interest rate and is due in 2034, and the third tranche of $1.25 billion carries a 5.350% interest rate and is due in 2054. Interest on these senior notes will be paid semi-annually with specific starting dates in 2025. Uber has the option to redeem these notes at any time at specified redemption prices. The notes are unsecured obligations and rank equally with Uber's existing and future unsecured senior indebtedness. They will be issued in registered book-entry form and are not planned to be listed on any securities exchange. The offering is managed by a syndicate of banks, including Morgan Stanley, BofA Securities, and J.P. Morgan as joint book-running managers, along with several co-managers. The proceeds from the offering are intended to repay outstanding loans under Uber's term loan agreement and to redeem outstanding 8.00% senior notes due in 2026, with the remainder for general corporate purposes. The sale is expected to close on or about September 9, 2024, following the T+3 settlement cycle.