Uber Is Said to Close $1.15 Billion High-Yield Leveraged Loan
(Bloomberg) -- 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.
To contact the reporter on this story: Eric Newcomer in San Francisco at enewcomer@bloomberg.net. To contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack
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