The 0.875% convertible senior notes are due 2028

Davis Polk advised the representatives of the several initial purchasers in connection with a Rule 144A offering by Uber Technologies, Inc. of $1.725 billion aggregate principal amount of its 0.875% convertible senior notes due 2028, which included $225 million aggregate principal amount of notes issued pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes. In addition, Davis Polk advised the counterparties to capped call transactions entered into in connection with the offering.

Uber is a technology platform that uses a massive network, leading technology, operational excellence and product expertise to power movement from point A to point B. Uber is headquartered in San Francisco, California.

The Davis Polk corporate team included partners Alan F. Denenberg and Emily Roberts and associates Joseph G. Marano and Michelle Zhang. The equity derivatives team included partner Mark M. Mendez and associate Alexander S. Pettingell. The tax team included partner Michael Farber and associate Alanna Phillips. Partner Frank J. Azzopardi and associate Joshua Shirley provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.