Morgan Stanley Advises Uber on $1.5B Term Loan B

According to Reuters, rideshare company Uber increased its self-arranged term loan B to $1.5 billion. Morgan Stanley served as financial advisor on the transaction.

Uber Enters Leveraged-Loan Market with Help of Citi, Others

The Wall Street Journal said that on-demand driving service Uber will access the leveraged-loan market in the hopes of raising up to $2 billion.

Uber in Talks for $1B Credit Facility

Uber Technologies reportedly is seeking a $1 billion credit line from banks.

No Long-Term Threat to Taxi Medallion Lenders

An analysis by specialty lender PDL Capital concludes that ride-sharing apps like Uber present no material threat to the value of taxi medallions.