Loan & DebtAug 7, 2026, 04:24 PM
Uber Secures Term Loan for Delivery Hero Acquisition
AI Summary
Uber Technologies, Inc. entered into a Term Loan Credit Agreement on August 6, 2026, to secure senior unsecured term loans. These loans will finance the previously announced voluntary public takeover offer for Delivery Hero SE and related transactions. The new agreement reduced commitments under an existing Bridge Credit Agreement by €4 billion. Additionally, Uber amended the Bridge Credit Agreement, modifying certain terms and increasing the cross-payment default threshold to $500 million.
Key Highlights
- Uber entered into a Term Loan Credit Agreement on August 6, 2026.
- Loans will finance the voluntary public takeover offer for Delivery Hero SE.
- Reduced Bridge Credit Agreement commitments by €4,000,000,000.
- Term loans are in two tranches: 18-month and 3-year maturities.
- Interest rate is EURIBOR plus a margin, fluctuating with debt ratings.
- Requires maintaining a consolidated adjusted EBITDA to interest expense ratio of at least 3.00 to 1.00.
- Amendment No. 1 to Bridge Credit Agreement increased cross-payment default threshold to $500 million.
Price Impact
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