Uber Technologies completes €4.5 billion senior notes offering across five tranches
Uber Technologies raised €4.5 billion in a registered public offering of senior unsecured debt due between 2029 and 2046.
Uber Technologies Inc. (UBER) completed a registered public offering of €4.5 billion in aggregate principal amount of senior unsecured notes across five tranches, according to a regulatory filing on Monday.
Key takeaways
- Uber issued €4.5 billion in senior unsecured notes across five tranches due between 2029 and 2046.
- The offering includes €750 million of 3.750% notes due in 2029 and €750 million of 5.250% notes due in 2046.
- Three €1 billion tranches carry coupons of 4.125%, 4.375%, and 4.750% maturing in 2032, 2034, and 2038 respectively.
- Goldman Sachs, Morgan Stanley, Deutsche Bank, Merrill Lynch, and BNP Paribas acted as representatives for the underwriters.
Note terms and tranches
The ride-hailing company issued the notes under an indenture with U.S. Bank Trust Company, National Association, acting as trustee. The offering was completed on Sept. 15, 2026, following a pricing date of Sept. 9, 2026. The notes are senior unsecured obligations of the company.
The debt package comprises five distinct maturities. The shortest-dated notes total €750 million with a 3.750% coupon due in 2029. The longest-dated notes total €750 million with a 5.250% coupon due in 2046. Three intermediate tranches each carry a €1 billion principal amount: 4.125% notes due in 2032, 4.375% notes due in 2034, and 4.750% notes due in 2038.
Underwriting syndicate and use of proceeds
Goldman Sachs & Co. LLC, Morgan Stanley & Co. International plc, Deutsche Bank AG, London Branch, Merrill Lynch International, and BNP PARIBAS served as representatives of the several underwriters named in the agreement. Legal counsel was provided by Cooley LLP.
The company intends to use the net proceeds from the offering for general corporate purposes.
Why it matters
The multi-tranche euro-denominated debt offering brings substantial liquidity to the balance sheet. By spreading maturities across two decades, the company extends its debt profile while locking in fixed interest rates across five distinct horizons.
By the numbers
| Metric | Value | Source |
|---|---|---|
| 2029 Notes Principal | €750,000,000 | SEC Filing |
| 2029 Notes Coupon | 3.750% | SEC Filing |
| 2032 Notes Principal | €1,000,000,000 | SEC Filing |
| 2032 Notes Coupon | 4.125% | SEC Filing |
| 2034 Notes Principal | €1,000,000,000 | SEC Filing |
| 2034 Notes Coupon | 4.375% | SEC Filing |
| 2038 Notes Principal | €1,000,000,000 | SEC Filing |
| 2038 Notes Coupon | 4.750% | SEC Filing |
| 2046 Notes Principal | €750,000,000 | SEC Filing |
| 2046 Notes Coupon | 5.250% | SEC Filing |
Maturity and repayment schedule
The notes will mature progressively over a 17-year span, starting with the 2029 tranche and culminating with the 2046 notes. The filing does not disclose intermediate amortization schedules or specific early redemption premiums beyond the standard terms incorporated by reference from the base indenture.