Uber Enters New Agreements, Terminates Others
Ticker: UBER · Form: 8-K · Filed: Sep 27, 2024 · CIK: 1543151
| Field | Detail |
|---|---|
| Company | Uber Technologies, Inc (UBER) |
| Form Type | 8-K |
| Filed Date | Sep 27, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.00001, $5.0 billion, $300 million, $413 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, agreement-termination
Related Tickers: UBER
TL;DR
Uber just signed new deals and ditched old ones, creating new financial obligations.
AI Summary
On September 26, 2024, Uber Technologies, Inc. entered into a material definitive agreement and simultaneously terminated another. The company also incurred a direct financial obligation or an obligation under an off-balance sheet arrangement. Specific details regarding the nature of these agreements, the counterparty, and the financial implications were not disclosed in this filing.
Why It Matters
This filing indicates significant changes in Uber's contractual relationships and financial commitments, which could impact its future operations and financial health.
Risk Assessment
Risk Level: medium — The filing mentions material definitive agreements, termination of agreements, and new financial obligations, suggesting potential shifts in business strategy or financial structure that warrant attention.
Key Players & Entities
- Uber Technologies, Inc. (company) — Registrant
- September 26, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Uber Technologies, Inc. on September 26, 2024?
The filing does not specify the nature of the material definitive agreement.
Which material definitive agreement was terminated by Uber Technologies, Inc. on September 26, 2024?
The filing does not specify which material definitive agreement was terminated.
What is the direct financial obligation or off-balance sheet arrangement created for Uber Technologies, Inc.?
The filing states that a direct financial obligation or an obligation under an off-balance sheet arrangement was created, but does not provide specific details.
Are there any specific dollar amounts associated with the new agreements or obligations mentioned in the filing?
No specific dollar amounts are mentioned in relation to the new agreements or obligations in this filing.
Who is the counterparty to the material definitive agreement entered into by Uber Technologies, Inc.?
The filing does not disclose the identity of the counterparty to the material definitive agreement.
Filing Stats: 1,218 words · 5 min read · ~4 pages · Grade level 12.9 · Accepted 2024-09-27 06:45:16
Key Financial Figures
- $0.00001 — ch registered Common Stock, par value $0.00001 per share UBER New York Stock Excha
- $5.0 billion — 24. The Credit Agreement provides for $5.0 billion in aggregate amount of commitments for
- $300 million — r borrowed money in an amount exceeding $300 million; certain events of bankruptcy, insolven
- $413 million — terminated. At closing, approximately $413 million of letters of credit have been issued u
Filing Documents
- e24397_uber-8k.htm (8-K) — 35KB
- e24397_ex10-1.htm (EX-10.1) — 782KB
- 0001552781-24-000539.txt ( ) — 1163KB
- uber-20240926.xsd (EX-101.SCH) — 3KB
- uber-20240926_lab.xml (EX-101.LAB) — 33KB
- uber-20240926_pre.xml (EX-101.PRE) — 22KB
- e24397_uber-8k_htm.xml (XML) — 3KB
01 of this Current Report on Form 8-K is incorporated herein by reference
Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Credit Agreement, dated as of September 26, 2024, by and among Uber Technologies, Inc., as the borrower, the lenders party thereto, the letter of credit issuers party thereto and Bank of America, N.A., as administrative agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UBER TECHNOLOGIES, INC. Date: September 27, 2024 By: /s/ Dara Khosrowshahi Dara Khosrowshahi Chief Executive Officer