Uber Technologies ( (UBER) ) has provided an update.
Uber Technologies, Inc. has secured a new $5.0 billion unsecured senior revolving credit facility, set to mature in September 2029, replacing its former credit agreement from 2015. This new financial arrangement allows the company flexibility in borrowing, with options for different currencies and interest rates tied to market benchmarks, plus a commitment fee based on the undrawn amount. The agreement carries provisions for maintaining a minimum earnings to interest expense ratio and includes standard covenants and events of default, enhancing Uber’s capacity for general corporate funding while imposing certain financial health metrics and operational restrictions.
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