Uber Sells $2.25 Billion of Investment-Grade Bonds

Uber Technologies Inc., a major ride-hailing and delivery company, has successfully sold $2.25 billion worth of investment-grade bonds in the United States. This bond sale marks Uber's first offering of the year, reflecting the company's continued efforts to strengthen its financial position. The bonds, which are rated investment-grade, are expected to provide Uber with additional capital to support its ongoing operations and future growth initiatives. The move comes as Uber aims to navigate the challenges posed by the COVID-19 pandemic, which has had a significant impact on the transportation and delivery sectors. The bond sale is seen as a positive step for Uber, as it demonstrates the company's ability to access the debt market and secure financing at favorable terms. This will likely enhance Uber's financial flexibility and allow it to continue investing in its core business and explore new opportunities.