(Finance) – Uber Technologiesa US company active in car transport and home delivery services, has announced its proposal to offer a total nominal amount of $1.2 billion in convertible senior notes with expires in 2028, subject to market conditions and other factors. The bonds are offered only to institutional entities.
Uber plans to use the net proceeds from the offering to repay, redeem or repurchase outstanding indebtednessincluding the redemption of the outstanding principal amount of $1 billion of 7.500% senior notes due 2025.
(Photo: Dan Gold on Unsplash)