E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/20/2023 in the Prospect News Convertibles Daily.

Convertibles Calendar: Uber on deck

Nov. 20

UBER TECHNOLOGIES INC.

• $1.5 billion five-year convertible notes

• $180 million greenshoe

• Coupon of 0.75% to 1% and initial conversion premium of 32.5%; revised from 0.75% to 1.25%, up 27.5% to 32.5%

• Rule 144A

• Barclays (lead left) and BofA Securities Inc.

• Proceeds to cover the cost of the call spread, to repurchase or redeem outstanding debt, including the company’s 7.5% senior notes due 2025 and for general corporate purposes

• San Francisco-based ride-sharing technology company


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.