Uber Technologies has hired banks to arrange its debut multi-tranche bond offering in euros, marking a strategic pivot for a company that has historically raised capital almost exclusively in US dollars. This operation is part of the refinancing of the 14.2 billion euro bridge facility tied to its voluntary public takeover offer for Delivery Hero SE, the German food delivery platform based in Berlin. Uber achieved investment-grade status in 2025, unlocking access to lower borrowing costs and a broader pool of institutional buyers. Issuing euro-denominated debt also helps close the currency mismatch for a company that generates revenue in that currency.
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