Uber Technologies to launch $1.25 billion term loan B on Friday

By Sara Rosenberg

New York, March 8 – Uber Technologies Inc. plans on holding a meeting on Friday to launch a $1.25 billion term loan B, according to sources.

The company is doing the transaction on its own, instead of with lead arrangers, sources said.

Proceeds will be used for general corporate purposes.

Uber is a San Francisco-based online transportation network company.

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