Deals
Uber Brings $900 Million Bond Sale After Grubhub Deal Report
- Ride-hailing service selling new senior notes maturing in 2025
- Proceeds may be used for acquisitions, Uber said in statement
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Uber Technologies Inc. brought a $900 million bond sale, just a day after a report said it has made an offer to acquire food delivery company Grubhub Inc.
That’s up from a planned $750 million, which may be used for acquisitions among other general corporate purposes, according to a statement Wednesday. The five-year notes, which can’t be bought back for two years, will yield 7.5%, according to people with knowledge of the matter, who asked not to be named discussing a private transaction.