Ron Burgundy Posted July 8, 2016 Share Posted July 8, 2016 Uber Technologies Inc. [uBER.UL] has secured a $1.15 billion leveraged loan, a person familiar with the matter said on Thursday, the latest capital infusion for the well-financed ride-hailing company. Turning to the leveraged loan market, which was previously exclusive to more established companies, allows Uber to take advantage of historically low interest rates while keeping venture capital backers happy by not further diluting their equity. In leveraged loans, investment banks arrange and syndicate among institutional investors a loan to a company with significant existing debt. View the full article Quote Link to comment Share on other sites More sharing options...
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