Uber Technologies Inc. Announces $1.0 Billion Private Placement of Exchangeable Senior Notes

Reuters
21 May
Uber Technologies Inc. Announces $1.0 Billion Private Placement of Exchangeable Senior Notes

SAN FRANCISCO, May 13, 2025 - Uber Technologies, Inc. $(UBER)$ announced its intention to offer $1.0 billion principal amount of Exchangeable Senior Notes due 2028 in a private placement to qualified institutional buyers. These notes are exchangeable for Class A Common Stock of Aurora Innovation, Inc. and are being issued under Rule 144A under the Securities Act of 1933. The offering is subject to market conditions and other factors. Additionally, Uber plans to grant the initial purchaser an option to purchase up to an additional $150 million principal amount of the notes. Further details such as the price, maturity date, and interest rate of the notes have not been disclosed.

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