Uber to offer $1.2 billion of five-year convertible bonds

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Uber Technologies Inc. UBER said Monday it is planning to offer $1.2 billion of five-year convertible bonds to raise the money to repay, redeem or repurchase outstanding debt.

The ride-sharing company said it would use part of the proceeds to cover the cost of entering into capped call transactions that aim to reduce dilution upon conversion into equity.

The…



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