Uber Technologies Inc
NYSE:UBER
Debt Financing / Related, Equity Financing / Related
Uber Announces Pricing Of $1.0 Billion Convertible Senior Notes Offering
Published: 12/09/2020 01:12 GMT
Uber Technologies Inc (UBER) - Uber Announces Pricing of $1.0 Billion Convertible Senior Notes Offering.
Also Granted Initial Purchasers of Notes an Option to Purchase Up to an Additional $150 Million Principal Amount of Notes.
Notes Will Mature on December 15, 2025, Unless Earlier Converted, Redeemed Or Repurchased.
Sale of the Notes is Expected to Close on December 11, 2020, Subject to Customary Closing Conditions.
Intends to Use Net Proceeds From Offering for Working Capital and Other General Corporate Purposes.
Estimates That Net Proceeds From Offering Will Be Approximately $987.5 Million.
Pricing of $1.0 Billion Principal Amount of 0% Convertible Senior Notes Due 2025.
Uber - Notes Will Be Senior Unsecured Obligations of Uber, Will Not Bear Regular Interest, and Principal Amount of Notes Will Not Accrete.
Conversion Rate of Notes Will Initially Be 12.3701 Shares of Uber's Common Stock per $1,000 Principal Amount of Notes.
Also Granted Initial Purchasers of Notes an Option to Purchase Up to an Additional $150 Million Principal Amount of Notes.
Notes Will Mature on December 15, 2025, Unless Earlier Converted, Redeemed Or Repurchased.
Sale of the Notes is Expected to Close on December 11, 2020, Subject to Customary Closing Conditions.
Intends to Use Net Proceeds From Offering for Working Capital and Other General Corporate Purposes.
Estimates That Net Proceeds From Offering Will Be Approximately $987.5 Million.
Pricing of $1.0 Billion Principal Amount of 0% Convertible Senior Notes Due 2025.
Uber - Notes Will Be Senior Unsecured Obligations of Uber, Will Not Bear Regular Interest, and Principal Amount of Notes Will Not Accrete.
Conversion Rate of Notes Will Initially Be 12.3701 Shares of Uber's Common Stock per $1,000 Principal Amount of Notes.