Uber Technologies has raised over a billion dollars to add to its arsenal in its bid to extend its operations across the world.
The taxi-hailing app has finalised a $1.15bn (£889m) high-yield loan.
The unleveraged loan, which is Uber's first, takes the total amount raised in debt and equity to more than $15bn and helps its existing shareholder base avoid stock dilution.
According to a source quoted in the Wall Street Journal, Uber’s loan was arranged by four banks, with Morgan Stanley leading and Barclays, Citigroup and Goldman Sachs participating, according to the person.
Uber was originally looking for a loan of between $1bn and $2bn.
A month ago Uber raised $3.5bn from an investment from Saudi Arabia's sovereign wealth fund, which was the largest single loan ever made to a private company.