Uber Technologies, listed on the NYSE as UBER, has announced an offering of $1 billion in principal amount of 0% exchangeable senior notes due in 2028. The company has also provided the initial purchaser with an option to acquire up to an additional $150 million principal amount of these notes. These notes can be exchanged into shares of Class A common stock of Aurora Innovation.
Cooley LLP played a significant role in advising Uber on this transaction. The legal team included Mischi a Marca, Jason Savich, Timothy Nguyen, and Matt Kong, who focused on debt matters. Additionally, Carlos Ramirez, Eric Blanchard, Siana Lowrey, David Peinsipp, Jacob Hanna, and Talya Kornitzer offered guidance on corporate and securities issues. Eileen Marshall and Timothy Shapiro contributed their expertise in tax-related aspects.
Since 2015, Cooley has been a legal advisor for Uber across various corporate and litigation domains. This includes Uber’s notable $8.1 billion initial public offering in 2019 and over $32 billion in bond and note offerings, term loans, and revolving credit facilities. Among these are a $4 billion investment-grade bond offering and a $5 billion investment-grade revolving credit facility conducted in 2024.
Cooley LLP is recognized for its work on transformative deals and complex intellectual property and regulatory matters. The firm operates with nearly 1,400 lawyers spread across 19 offices located in the United States, Asia, and Europe.
