Uber Borrows $500 Million at Record Low Rate in Refinancing Boom

goneubering

Well-Known Member
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Uber is taking advantage of some of the lowest-ever yields to refinance outstanding obligations. That’s made up the bulk of this year’s borrowing activity, as junk-bond issuance has vaulted over $300 billion for the first time since 2013 and the market is within striking distance of a new annual record.
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That could happen as soon as this month, if Monday’s roster of deals is any indication. At least 10 new junk-bond sales were in syndication, and most of them are meant to refinance debt.

Morgan Stanley, Bank of America Corp., Barclays Plc, Citigroup Inc. and Goldman Sachs Group Inc. were lead managers on the Uber bond sale, according to a person with knowledge of the matter, who asked not to be identified as the details are private.
 

tohunt4me

Well-Known Member
Post automatically merged:

Uber is taking advantage of some of the lowest-ever yields to refinance outstanding obligations. That’s made up the bulk of this year’s borrowing activity, as junk-bond issuance has vaulted over $300 billion for the first time since 2013 and the market is within striking distance of a new annual record.
Post automatically merged:

That could happen as soon as this month, if Monday’s roster of deals is any indication. At least 10 new junk-bond sales were in syndication, and most of them are meant to refinance debt.

Morgan Stanley, Bank of America Corp., Barclays Plc, Citigroup Inc. and Goldman Sachs Group Inc. were lead managers on the Uber bond sale, according to a person with knowledge of the matter, who asked not to be identified as the details are private.
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Coming to a " Retirement Fund" Near You !

SOON !
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Big Lou

Well-Known Member
As long as there is public or government money to be had, you will always find the same old pigs with their snouts in the troughs.
Especially the ones that do not pay any taxes to the American treasury like ::
  • Christian Mega Churches
  • Catholics
  • Scientology
  • Mormon
  • Cults
  • Friends of Trump
Just look at what was handed out in the last COVID pachage.
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