8-KMaterial AgreementsFinancial EventsExhibits & Filings

Uber Technologies, Inc 8-K Report, Material Agreement (Aug 7, 2026)

Filed August 7, 2026For Securities:UBER

Summary

Uber Technologies, Inc. (UBER) has filed an 8-K report on August 7, 2026, detailing significant updates to its credit facilities. The company has entered into a new €4.0 billion Term Loan Credit Agreement to finance its previously announced takeover offer for Delivery Hero SE. This new facility includes two tranches with maturities of 18 and 36 months post-closing, respectively. The proceeds will be used for the Delivery Hero acquisition, related expenses, and refinancing existing Delivery Hero debt. Concurrently, Uber has amended its Bridge Credit Agreement and entered into a new $7.7 billion Revolving Credit Agreement, replacing its existing facility. The new Revolving Credit Agreement matures in August 2031 and is available for general corporate purposes.

Key Highlights

  • 1Uber entered into a €4.0 billion Term Loan Credit Agreement to finance the acquisition of Delivery Hero SE.
  • 2The Term Loan Credit Agreement has two tranches (Tranche A: 18 months, Tranche B: 3 years) and is unsecured.
  • 3The proceeds will fund the Delivery Hero takeover, related expenses, and refinance Delivery Hero's debt.
  • 4Uber amended its existing Bridge Credit Agreement, modifying certain covenants and default triggers.
  • 5A new $7.7 billion Revolving Credit Agreement has been established, replacing the previous one, and matures in August 2031.
  • 6The new Revolving Credit Agreement is available for general corporate purposes and is also unsecured.
  • 7Both new credit agreements include financial covenants, such as maintaining a minimum consolidated adjusted EBITDA to interest expense ratio of 3.00 to 1.00.

Frequently Asked Questions

The primary purpose of the new Term Loan Credit Agreement is to finance Uber's previously announced voluntary public takeover offer for Delivery Hero SE. It will also be used to fund related transactions, refinance certain indebtedness of Delivery Hero, and cover related transaction costs.

The new Revolving Credit Agreement provides for $7.7 billion in aggregate commitments for senior unsecured revolving loans, maturing on August 6, 2031. Proceeds can be used for general corporate purposes. Interest rates will be based on either the term SOFR rate or the base rate plus an applicable margin, which fluctuates with Uber's debt rating.

The new Term Loan Credit Agreement, specifically for the Delivery Hero acquisition, will increase Uber's debt load, though it's structured to fund a significant acquisition. The new Revolving Credit Agreement maintains a substantial liquidity source for general corporate needs. Both agreements are unsecured, which can be beneficial, but they impose financial covenants, such as a minimum leverage ratio, which investors should monitor.

Amendment No. 1 to the Bridge Credit Agreement removes certain representations and warranties, replaces the cross-default event of default with a cross-payment default and acceleration event of default, and increases the related threshold amount from $300 million to $500 million.