On March 3, 2023, Uber Technologies, Inc. borrowed $1.75 billion in aggregate principal amount of loans, pursuant to an amendment to the Term Loan Agreement, dated as of July 13, 2016, by and among the company as borrower, Rasier, LLC (raiser), a subsidiary of the company as subsidiary guarantor, the lenders party thereto from time to time and Morgan Stanley Senior Funding, Inc. as administrative agent for the lenders (as amended by the Amendment No. 1, dated as of June 13, 2018 and Amendment No. 2, dated as of February 25, 2021, the 2016 Term Loan Agreement", and as further amended by the Refinancing Amendment, the Amended Term Loan Agreement") to refinance and reprice all of the outstanding 2021 Incremental Term Loans made under the 2016 Term Loan Agreement (the 2021 Incremental Term Loans) and $317 million in aggregate principal amount of the 2021 Refinancing Term Loans made under the 2016 Term Loan Agreement (the 2021 Refinancing Term Loans").

The Amended Term Loan Agreement provides for (i) a $1.75 billion tranche of term loans, the proceeds of which were used to repay in full all outstanding 2021 Incremental Term Loans and $317 million in aggregate principal amount of the outstanding 2021 Refinancing Term Loans, after which approximately $761 million in aggregate principal amount of the 2021 Refinancing Term Loans remain outstanding, and (ii) one or more uncommitted additional incremental loan facilities subject to the satisfaction of certain conditions thereof. The Refinancing Loans bear interest, at the Company's option, at a rate equal to either (i) the adjusted Term SOFR (SOFR Rate"), plus 2.75% per annum or (ii) an alternate base rate equal to the greatest of (x) the prime rate, (y) the federal funds rate plus 0.50% and (z) the adjusted SOFR Rate for an interest period of one month plus 1.00%, plus 1.75% per annum. The Company is permitted to make voluntary prepayments of the loans under the Amended Term Loan Agreement at any time without payment of a premium, except that a 1% premium will apply to a repayment of the Refinancing Loans in connection with a repricing of, or any amendment to the Amended Term Loan Agreement in a repricing of, such loans effected on or prior to the date that is six months following March 3, 2023.

The principal amount of the Refinancing Loans will amortize in quarterly installments at a rate of 1.00% per annum, with the balance due on the maturity date. Extended the maturity date of all $1.432 billion in aggregate principal amount of the 2021 Incremental Term Loans from April 4, 2025 to March 3, 2030, the maturity date of the Refinancing Loans; Extended the maturity date of approximately $317 million in aggregate principal amount of the 2021 Refinancing Term Loans from February 25, 2027 to March 3, 2030, the maturity date of the Refinancing Loans; and Reduced the applicable spread from the benchmark rate at which the 2021 Incremental Term Loans and the refinanced portion of the 2021 Refinancing Term Loans bear interest from LIBOR plus 3.50% per annum to the SOFR Rate plus 2.75% per annum, the interest rate applicable to the Refinancing Loans.