Uber Technologies’ $1.15 Billion Convertible Notes Offering

Davis Polk advised the initial purchasers in the offering.

Uber Technologies, Inc. completed the offering of $1.15 billion aggregate principal amount of its 0% convertible senior notes due 2025, which included $150 million aggregate principal amount of notes issued pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes.

Uber is a technology platform that uses a massive network, leading technology, operational excellence and product expertise to power movement from point A to point B. Uber is headquartered in San Francisco, California.

The Davis Polk corporate team advising the initial purchasers, led by BofA Securities, included partners Alan F. Denenberg (Picture) and Emily Roberts and associates Daniel Fox and Sarah Kirk. Partner Po Sit and associate Joseph M. Gerstel provided tax advice. Partner Frank J. Azzopardi and associate Yifu Chen provided intellectual property advice.

Involved fees earner: Frank Azzopardi – Davis Polk & Wardwell; Yifu Chen – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Daniel Fox – Davis Polk & Wardwell; Joseph Gerstel – Davis Polk & Wardwell; Sarah Kirk – Davis Polk & Wardwell; Emily Roberts – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities;


Author: Ambrogio Visconti