Uber is turning to the riskiest part of the debt market to raise up to another $2 billion

Uber is raising up to $2 billion in the form of a leveraged loan, according to a new report from The Wall Street Journal’s Marueen Farrell, Matt Wirz, and Douglas MacMillan.

The ride-hailing company is tapping Barclay’s PLC and Morgan Stanley to sell a leveraged loan of up to $2 billion, according to The Journal.
The move comes just two weeks after the ride-hailing service raised $3.5 billion from a Saudi Arabian investment fund.
In the coming weeks, Uber is also said to be planning to tap institutional investors for a loan as well.

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