8-KFinancial Events

Uber Technologies, Inc 8-K Report, Financial Obligation (Jun 6, 2025)

Filed June 6, 2025For Securities:UBER

Summary

Uber Technologies, Inc. (UBER) has announced the establishment of a $2 billion commercial paper program. This program allows the company to issue short-term, unsecured commercial paper notes with maturities of up to 397 days. The net proceeds are intended for general corporate purposes, providing Uber with increased financial flexibility for its ongoing operations and strategic initiatives. While no notes are currently outstanding, this program signals Uber's proactive approach to managing its short-term liquidity needs. The commercial paper notes will rank pari passu with other unsecured and unsubordinated indebtedness, meaning they will have the same priority in payment as most other unsecured debt. Investors should note that this program is an exemption from registration under the Securities Act, and the information provided is not an offer to sell or solicit an offer to buy these securities.

Key Highlights

  • 1Establishment of a $2 billion commercial paper program to issue short-term unsecured notes.
  • 2Notes can have maturities of up to 397 days.
  • 3Proceeds are intended for general corporate purposes, enhancing financial flexibility.
  • 4The commercial paper will rank pari passu with other unsecured and unsubordinated indebtedness.
  • 5No commercial paper notes are currently outstanding under the program.
  • 6The program utilizes an exemption from registration under the Securities Act of 1933.
  • 7The filing is for informational purposes and does not constitute an offer to sell or solicit an offer to buy securities.

Frequently Asked Questions

A commercial paper program allows a company to issue short-term, unsecured promissory notes to raise funds. Uber is establishing this $2 billion program to provide itself with greater financial flexibility and to efficiently manage its short-term liquidity needs for general corporate purposes.

The aggregate face or principal amount of notes outstanding under the program at any time cannot exceed $2,000,000,000, or $2 billion.

The notes issued under the program will have maturities of up to 397 days from their date of issue.

The notes will rank at least pari passu (equal in right of payment) with all of Uber's other unsecured and unsubordinated indebtedness, except for any indebtedness that has mandatory preferential status by law.