Cheap rates inspire Uber to borrow $500m to refinance debt
Uber is selling bonds due in 2028 to redeem an equal amount of 7.5% notes due in 2023
14 September 2020 - 17:32
Uber Technologies is borrowing $500m to refinance debt, joining a barrage of high-yield companies that are capitalising on cheap rates to lower their interest expenses
The ride-sharing service is selling bonds due in 2028 to redeem an equal amount of 7.5% notes due in 2023, according to a statement on Monday. It will also use cash on hand for the redemption...
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