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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.