Uber Sets Sights on Leveraged Loans for Even More Money
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An Uber chauffeur in Munich. The company sees a potential opportunity to raise perhaps $2 billion through leveraged loans. CreditLaetitia Vancon for The New York Times
Uber has raised more than $14 billion using all sorts of creative funding sources. Now it may add something new to the list: the leveraged loan market.
The ride-hailing start-up is looking to issue as much as $2 billion in securities to investors, said a person briefed on the discussions, who spoke on the condition of anonymity. Morgan Stanley, Barclays, Goldman Sachs and Citigroup are managing the process, said the person, adding that the deal has not begun yet and may still fall apart.
Representatives from all four banks declined to comment. The discussions were earlier reported by The Wall Street Journal…
Uber Sets Sights on Leveraged Loans for Even More Money
