Uber Technologies is offering €4,500,000,000 of senior notes across five series, carrying coupons from 3.750% to 5.250%, with net proceeds of approximately €4,453 million. The issuer will use the proceeds for general corporate purposes, while investors receive exposure to maturities running from 2029 through 2046.

Key Highlights

  • The notes mature on September 15 in 2029, 2032, 2034, 2038 and 2046.
  • Goldman Sachs, Morgan Stanley and BofA Securities are among the joint book-running managers.
  • Net proceeds are expected to be approximately €4,453 million after Underwriting discounts and estimated offering expenses.

The securities carry coupons ranging from 3.750% to 5.250% across maturities running from 2029 through 2046. Uber (NYSE: UBER) is the issuer and plans to use the proceeds for general corporate purposes. The notes are expected to be delivered on or about September 15, 2026. Each series is a new issue of securities.

Five Senior Note Series

The offering comprises €750,000,000 of 3.750% senior notes due 2029, €1,000,000,000 of 4.125% senior notes due 2032, €1,000,000,000 of 4.375% senior notes due 2034, €1,000,000,000 of 4.750% senior notes due 2038 and €750,000,000 of 5.250% senior notes due 2046. The 2029 notes mature on September 15, 2029. The 2032 notes mature on September 15, 2032, while the 2034 notes mature on September 15, 2034. The 2038 and 2046 notes mature on September 15, 2038 and September 15, 2046, respectively. The notes are unsecured senior obligations. They rank equally with Uber’s existing and future unsecured and unsubordinated indebtedness, are structurally subordinated to liabilities of its subsidiaries and are effectively subordinated to secured indebtedness to the extent of the Assets securing that debt.

Pricing And Settlement

The public offering price for the 2029 notes is 99.939% of principal, with an underwriting discount of 0.350% and proceeds to Uber of 99.589%. The corresponding public offering price for the 2032 notes is 99.745%, with a 0.500% underwriting discount and proceeds to Uber of 99.245%. The 2034 notes have a public offering price of 99.722%, a 0.525% underwriting discount and proceeds to Uber of 99.197%. The 2038 notes have a public offering price of 99.856%, a 0.600% underwriting discount and proceeds to Uber of 99.256%. The offering may include accrued interest from September 15, 2026. Delivery is expected through a common depositary for Clearstream Banking S.A. and Euroclear Bank SA/NV. The notes currently have no public market, and the underwriters may make a market without being required to continue doing so.

The proceeds are intended for general corporate purposes.

Maturities And Redemption Terms

Uber may redeem each series, in whole or in part, before Maturity at the redemption prices described for the notes. The notes may also be redeemed in whole if specified changes in United States tax law require Uber to pay additional amounts to certain holders. The notes also include provisions for additional amounts payable to holders who are not United States persons in connection with specified Withholding or deductions imposed by United States taxing authorities. The notes are intended to trade on the NYSE if the listing application is approved. The securities may trade below their initial offering price, and the filing states that a liquid trading market may not develop.