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Get filing alertsUber secures €4B term loan and $7.7B revolver to finance Delivery Hero acquisition
Filed August 7, 2026 · Period ending August 6, 2026 · ~1 min read
Key Changes
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Entered €4B senior unsecured term loan with 18-month and 3-year tranches to fund Delivery Hero takeover, refinance target debt, and cover transaction costs; reduced bridge commitments by €4B.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Replaced existing revolver with new $7.7B senior unsecured revolving credit facility maturing August 2031; ~$324M in letters of credit transitioned, no borrowings drawn at closing.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Both facilities require minimum 3.00x interest coverage ratio (consolidated adjusted EBITDA to interest expense); covenant applies across term loan and revolver.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Amended bridge credit facility to streamline terms: removed certain reps/warranties, replaced cross-default with cross-payment default, raised threshold from $300M to $500M.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Terminated prior $7.7B revolving credit agreement dated September 2024, effective August 6, 2026.
Item 1.02 — Termination of a Material Definitive Agreement verify on EDGAR →
Summary
Uber locked in permanent financing for its Delivery Hero acquisition, replacing temporary bridge commitments with a €4 billion term loan facility and a new $7.7 billion revolving credit line. The term loan splits into two tranches—18 months and three years—and will fund the takeover offer, refinance Delivery Hero's existing debt, and pay transaction costs.
The €4 billion commitment reduced Uber's bridge facility by the same amount, shifting the company from short-term backstop financing to longer-dated debt. The new revolver replaces Uber's September 2024 facility and matures in August 2031, with no borrowings drawn at closing and roughly $324 million in letters of credit carried forward.
Both facilities impose a 3.00x minimum interest coverage ratio (adjusted EBITDA to interest expense), a standard covenant that ties Uber's borrowing capacity to profitability. The company also amended its bridge agreement to ease certain default triggers, raising the cross-payment threshold from $300 million to $500 million. For holders, the financing package confirms Uber's ability to fund the Delivery Hero deal without equity dilution and extends the maturity profile of its credit lines, though the acquisition itself adds leverage and integration risk.
Section-by-Section Diff
Event · Item 2.03 — Creation of a Direct Financial Obligation
Item 2.03 also reports this as a direct financial obligation (body incorporates the primary Item by reference).
Added in current filing · view on EDGAR →
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
The 8-K includes a labeled Item 2.03 section. Its body incorporates the primary Item (typically 1.01) by reference rather than restating terms — do not treat that thinness as 'Item 2.03 absent.' The company is signaling creation of a direct financial obligation alongside the agreement disclosure; keep Item 2.03 visible in the report.
Event · Item 1.01 — Entry into a Material Definitive Agreement
Uber entered into €4B term loan facility and new $7.7B revolving credit facility to finance Delivery Hero acquisition.
Added in current filing · verify on EDGAR → · paraphrased
On August 6, 2026, Uber Technologies, Inc. (the "Company") entered into a Term Loan Credit Agreement (the "Term Loan Credit Agreement"), among the Company, as borrower, the lenders party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent. ... The Term Loan Credit Agreement provides for senior unsecured term loan commitments in two tranches: Tranche A term loans, which will mature on the date that is eighteen (18) months after the Closing Date (as defined in the Term Loan Credit Agreement), and Tranche B term loans, which will mature on the date that is three (3) years after the Closing Date. The proceeds of any loans under the Term Loan Credit Agreement will be used to finance the Offer, to provide funding for related transactions, to refinance certain indebtedness of Delivery Hero and for the payment of related transaction costs. ... The entry into the Term Loan Credit Agreement reduced the commitments under the Bridge Credit Agreement (as defined below) by €4,000,000,000.
Uber secured a senior unsecured term loan facility with two tranches (18-month and 3-year maturities) to finance its previously announced takeover offer for Delivery Hero SE. The facility reduced bridge financing commitments by €4 billion. Proceeds will fund the acquisition, refinance Delivery Hero debt, and cover transaction costs. The loans bear interest at EURIBOR plus a margin that varies based on Uber's debt rating.
Event · Item 1.02 — Termination of a Material Definitive Agreement
Uber terminated a material definitive agreement on August 6, 2026.
Added in current filing · view on EDGAR →
Item 1.02 Termination of a Material Definitive Agreement. The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
Uber disclosed the termination of a material definitive agreement effective August 6, 2026. The filing references Item 1.01 for details, but Item 1.01 is not included in the provided text, so the specific agreement terminated and the circumstances cannot be determined from this excerpt.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 10, 2026 · How we verify