Uber calls lenders for $1.25 billion in Wall Street shortcut

Uber was looking to borrow directly from investors, bypassing the traditional route of using banks to fan the loan among other lenders

Inside New York’s St. Regis Hotel on Friday, debt investors were given what’s becoming a familiar pitch: a high-flying tech company with a charismatic leader but no real cash flow was asking them to lend it money.
 
This time it was Uber Technologies Inc., the ride-hailing company that’s reshaped the taxi business around the globe. The company is seeking a $1.25 billion loan and its new Chief Executive Officer Dara Khosrowshahi was there flanked by other senior management to pitch investors both the deal—and the Uber dream.
 
And given Uber’s cash burn and annual loss, investors were asked