Uber signs $7.7 billion revolving credit facility and term loan tied to Delivery Hero offer
Uber entered into a new $7.7 billion revolving credit agreement that replaces its existing facility, and a term loan credit agreement that will help finance its voluntary takeover offer for Delivery Hero SE. The filing also reduces the commitments under the company's bridge credit facility by €4 billion and amends that bridge agreement. The new debt arrangements add financing commitments for the Delivery Hero deal, but the filing states that no revolver borrowings have been drawn.
Key points
- Revolving credit agreement provides $7.7 billion in commitments, maturing August 6, 2031, with about $324 million of letters of credit transferred from the existing facility and no borrowings drawn.
- Term loan commitments in two tranches mature 18 months (Tranche A) and three years (Tranche B) after closing, and proceeds are for the Delivery Hero offer and related costs.
- Term loan commitments reduced the bridge credit agreement commitments by €4 billion; Amendment No. 1 raised a cross-default threshold from $300 million to $500 million.
- Both new agreements require an EBITDA-to-interest expense ratio of at least 3.00 to 1.00 and include events of default tied to debt defaults above $500 million.
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.