Uber Technologies Enters A $5B Unsecured Revolving Credit Agreement With Bank Of America, Replacing Its Previous Credit Facility; The Agreement Will Mature On September 26, 2029
Portfolio Pulse from Nabaparna Bhattacharya
Uber Technologies has entered a $5 billion unsecured revolving credit agreement with Bank of America, replacing its previous credit facility. The agreement will mature on September 26, 2029, and allows Uber to borrow in U.S. Dollars or alternate currencies for general corporate purposes.

September 27, 2024 | 10:55 am
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Uber Technologies has secured a $5 billion unsecured revolving credit agreement with Bank of America, replacing its previous credit facility. This agreement provides financial flexibility for Uber, allowing it to borrow in multiple currencies for general corporate purposes.
The new credit agreement provides Uber with significant financial flexibility, allowing it to access up to $5 billion for general corporate purposes. This can be seen as a positive development, as it replaces the previous credit facility and extends the maturity to 2029, indicating confidence from lenders. The unsecured nature of the credit and the ability to borrow in multiple currencies further enhance Uber's financial position.
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