Report: Uber is looking to snag a $1.5B bond sale - Rickey J. White, Jr. | RJW™
21617
post-template-default,single,single-post,postid-21617,single-format-standard,ajax_fade,page_not_loaded,,qode-theme-ver-16.3,qode-theme-bridge,wpb-js-composer js-comp-ver-5.4.7,vc_responsive
 

Report: Uber is looking to snag a $1.5B bond sale

Report: Uber is looking to snag a $1.5B bond sale

Uber, which has already raised billions of dollars in debt, is reportedly looking for more cash via a bond sale. According to a new report from Bloomberg, the company is seeking investors to raise $1.5 billion.

The ride-hailing giant isn’t the first company to sell bonds. Recent others include WeWork and TeslaBloomberg says, citing unnamed insiders, that Uber is considering offering “$500 million of five-year notes and $1 billion of eight-year bonds.”

This comes as both Uber and Lyft race toward an IPO. Both companies are reportedly planning on going public sometime next year. Both, however, have yet to turn a profit–thus why they are so cash hungry.

You can read the full junk bond sale report here.


Source: Fast Company

Tags:
No Comments

Sorry, the comment form is closed at this time.