Uber Raising Up To US$2 Billion In Leveraged Loan by PitchBook
Uber is in the process of raising between $1 billion and $2 billion in a leveraged loan, according to a report from The Wall Street Journal. The ridesharing company is said to have hired Morgan Stanley and Barclays to help sell the loan to institutional investors and reportedly hopes to price the loan with a yield of 4% to 4.5%.
Uber is fresh off a $3.5 billion funding from Saudi Arabia’s Public Investment Fund, a financing that valued the company at $66.6 billion. If the new loan is successfully raised, it would bring the company’s debt and equity funding to over $15 billion. Uber is currently the highest-valued private company in the world, worth about $6 billion more than second-place Ant Financial, a Chinese financial services provider.
5 Charlie Munger Quotes Every Investor Should Know
Charlie Munger is perhaps best-known as the vice chairman of Berkshire Hathaway, where he has been Warren Buffett's longtime business partner. As well as holding this position, he also servers as the chairman of the Daily Journal Corporation and is a director of Costco Wholesale Corporation. Munger started his investment career in the 1960s when, Read More