Uber premarketing $1.5 billion offering of five-, eight-year notes; Morgan Stanley to lead

By Paul A. Harris

Portland, Ore., Oct. 10 – Uber Technologies Inc. is premarketing $1.5 billion of high-yield bonds, a bond trader said on Wednesday.

The deal includes $500 million of five-year notes with two years of call protection. The tranche is being guided in the 7½% area.

The offering also features $1 billion of eight-year notes with three years of call protection. The tranche is being guided in the 8½% area.

Morgan Stanley & Co. LLC is leading the effort.

Uber is a peer-to-peer ridesharing, taxi cab, food delivery, bicycle-sharing, and transportation network company based in San Francisco.

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