Uber Announces Proposed $500 Million Senior Notes Offering
September 14 2020 - 7:50AM
Business Wire
Uber Technologies, Inc. (NYSE: UBER) today announced that it
proposes to offer $500 million principal amount of Senior Notes due
2028 (the “notes”), subject to market conditions and other factors.
The notes are being offered only to persons reasonably believed to
be qualified institutional buyers pursuant to Rule 144A under the
Securities Act of 1933, as amended (the “Securities Act”) and to
non-U.S. persons in accordance with Regulation S under the
Securities Act. This press release does not constitute a notice of
redemption.
Uber intends to use the net proceeds from this offering, along
with cash on hand, to redeem all of the Company’s 7.50% Senior
Notes due 2023, of which $500 million aggregate principal amount
currently is outstanding.
The notes have not been registered under the Securities Act or
any state securities laws, and unless so registered, may not be
offered or sold in the United States absent registration or an
applicable exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and other
applicable securities laws.
This press release is neither an offer to sell nor a
solicitation of an offer to buy any securities, nor shall it
constitute an offer, solicitation or sale of any securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to the registration or qualification under
the securities laws of any such state or jurisdiction. Any offers
of the notes will be made only by means of a private offering
memorandum.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. These statements
include, but are not limited to, statements concerning the terms,
timing and completion of the offering of the notes and the
anticipated use of the net proceeds from the offering.
Forward-looking statements include all statements that are not
historical facts. In some cases, forward-looking statements can be
identified by terms such as “anticipates,” “believes,” “could,”
“estimates,” “expects,” “intends,” “may,” “plans,” “potential,”
“will,” or similar expressions and the negatives of those words.
Forward-looking statements involve substantial risks and
uncertainties that may cause actual results to differ materially
from those that Uber expects. These risks and uncertainties include
market risks, trends and conditions. These and other risks are more
fully described in Uber’s filings with the Securities and Exchange
Commission, including in the section titled “Risk Factors” in its
Quarterly Report on Form 10-Q for the quarter ended June 30, 2020.
In light of these risks, you should not place undue reliance on
such forward-looking statements. Forward-looking statements
represent Uber’s beliefs and assumptions only as of the date of
this press release. Uber disclaims any obligation to update
forward-looking statements.
About Uber
Uber’s mission is to create opportunity through movement. We
started in 2010 to solve a simple problem: how do you get access to
a ride at the touch of a button? More than 15 billion trips later,
we're building products to get people closer to where they want to
be. By changing how people, food, and things move through cities,
Uber is a platform that opens up the world to new
possibilities.
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version on businesswire.com: https://www.businesswire.com/news/home/20200914005461/en/
Investor Contact: investor@uber.com
Media Contact: press@uber.com
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