Uber said to be seeking leveraged loans

New York

UBER has raised more than US$14 billion using all sorts of creative funding sources. Now it may add something new to the list: the leveraged loan market.

The ride-hailing startup is looking to issue as much as US$2 billion in securities to investors, said a person briefed on the discussions, who spoke on the condition of anonymity. Morgan Stanley, Barclays, Goldman Sachs and Citigroup are managing the process, said the person, adding that the deal has not begun yet and may still fall apart.