 "Uber")
Uber Technologies is selling junk bonds to help finance its acquisition of Careem in its first debt offering as a public company. The ride-sharing company is looking to issue $750 million of debt due in 2027, according to a statement Thursday.
Proceeds will be used to help fund its $3.1 billion purchase of Careem, a Dubai-based ride-hailing competitor. It’s only the second bond sale in Uber’s 10-year history, and the first since it went public earlier this year. The firm issued $2 billion of debt in its debut offering last October, increasing the size of the two-part deal as orders
