Uber approaches investors for a large loan of USD 1.25 billion

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Uber Technologies Inc is making headlines again when the company asked for a USD 1.25 billion loan while pitching to their investors their deal and their future plan. Uber seems to be going through an annual cash burn and investor loss, which called for investors to access the company on different matric.

Many financiers from Wall Street; beginning at Apollo Global Management to Bain Capital to BlackRock Group made an appearance at the meeting. Silvermine Capital Management and Golub Capital were also in attendance at the meeting.

All investors were given pitches by the company that had to be returned at the end of the day. They were also told by the CEO of the company, Mr Khosrowshahi, that Uber is looking to improve Governance ahead of the IPO at the second half of this year. The company is also looking to improve their brand after the events of the previous year.

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