Uber Announces $1 Billion Exchangeable Senior Notes Offering

San Diego – May 13, 2025 – Cooley advised Uber Technologies (NYSE: UBER), a technology platform that uses a massive network, top technology, operational excellence and deep product knowledge to power movement from Point A to Point B, on its offering of $1 billion principal amount of 0% exchangeable senior notes due 2028. Uber also granted the initial purchaser an option to purchase up to an additional $150 million principal amount of the notes. The notes are exchangeable into shares of Class A common stock of Aurora Innovation.

Lawyers Mischi a Marca, Jason Savich, Timothy Nguyen and Matt Kong led the Cooley team advising Uber on debt matters, with Carlos Ramirez, Eric Blanchard, Siana Lowrey, David Peinsipp, Jacob Hanna and Talya Kornitzer advising on corporate and securities matters. Tax partners Eileen Marshall and Timothy Shapiro provided additional support.

Since 2015, Cooley has advised Uber on various corporate and litigation matters, such as its landmark $8.1 billion initial public offering in 2019 and more than $32 billion of bond and note offerings, term loans and revolving credit facilities – including its $4 billion investment-grade bond offering and $5 billion investment-grade revolving credit facility in 2024.

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