Report: Uber might be looking for a new billion-dollar loan

Uber is apparently on the hunt for a leveraged loan.

The company has reached out to loan investors for $1.25 billion, according to new report from Bloomberg. The rumor follows a deal with SoftBank that left Uber with a blended valuation of $54 billion. Recent financial disclosures show the ride-hailing company took a $4.5 billion loss in 2017, despite growing the business. The last time Uber negotiated a leveraged loan was in 2016 for $1.15 billion.

We’ve reached out to Uber for comment.