Uber Is Said to Close $1.15 Billion High-Yield Leveraged Loanby
Uber Technologies Inc. closed a $1.15 billion high-yield leveraged loan, a person familiar with the matter said, bringing the total equity and debt raised by the ride-hailing mobile app to more than $15 billion.
Bloomberg reported last month that Uber was seeking to raise $1 billion to $2 billion in debt. Morgan Stanley, Barclays Plc, Goldman Sachs Group Inc. and Citigroup Inc. facilitated the deal. Creditors will receive about a 5 percent yield on the loan, said the person, who asked not to be identified because the terms aren’t public.
Uber’s most recent equity funding round valued the San Francisco-based company at almost $68 billion. CNBC and the Wall Street Journal earlier reported that the debt round had closed.