The interior of the office of ride-hailing service Uber is seen in this picture in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi, India, April 19, 2016. REUTERS/Anindito Mukherjee
NEW YORK: Ride-hailing company Uber has hired a group of banks to help it raise debt on the leveraged loan market, according to sources familiar with the proposed transaction.
While the final size has yet to be determined, the loan could reach at least US$1bil (RM4.10bil) with an even larger size possible, but the deal is still in early stages and could change in size and structure, said a source.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
