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Report: Uber might be looking for a new billion-dollar loan

Uber is apparently on the hunt for a leveraged loan. The company has reached out to loan investors for $1.25 billion, according to new report from Bloomberg. The rumor follows a deal with SoftBank that left Uber with a blended valuation of $54 billion. Recent financial disclosures show the ride-hailing company took a $4.5 billion loss in 2017, despite … Continue reading “Report: Uber might be looking for a new billion-dollar loan”

Report: Uber might be looking for a new billion-dollar loan
[Photo: courtesy of Uber]

Uber is apparently on the hunt for a leveraged loan.

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The company has reached out to loan investors for $1.25 billion, according to new report from BloombergThe rumor follows a deal with SoftBank that left Uber with a blended valuation of $54 billion. Recent financial disclosures show the ride-hailing company took a $4.5 billion loss in 2017, despite growing the business. The last time Uber negotiated a leveraged loan was in 2016 for $1.15 billion.

We’ve reached out to Uber for comment.

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About the author

Ruth Reader is a writer for Fast Company. She covers the intersection of health and technology.

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