Business »  Topic »  Uber offers $750-mn junk bonds to help finance acquisition of Careem

Uber offers $750-mn junk bonds to help finance acquisition of Careem


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Uber Technologies is selling junk bonds to help finance its acquisition of Careem in its first debt offering as a public company. The ride-sharing company is looking to issue $750 million of debt due in 2027, according to a statement Thursday.

Proceeds will be used to help fund its $3.1 billion purchase of Careem, a Dubai-based ride-hailing competitor. It’s only the second bond sale in Uber’s 10-year history, and the ...


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