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Uber Enters Leveraged-Loan Market with Help of Citi, Others


JUN 15, 2016 - 7:21 am

The Wall Street Journal said that on-demand driving service Uber will access the leveraged-loan market in the hopes of raising up to $2 billion.

The Journal said that Morgan Stanley, Barclays, Citigroup and Goldman Sachs were hired by Uber to sell a leveraged loan of $1 billion to $2 billion with institutional investors.

According to the Journal, this is the first time Uber will turned to the leveraged-loan market and speaks to the company’s aggressive plans for expansion.

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