Uber in talks with banks for $1 billion credit facility - WSJ

Uber Technologies Inc is seeking a $1 billion credit line from banks, the Wall Street Journal reported, citing people familiar with the matter. The cab-hailing company is in talks with a number of large banks for the loan, asking them how much they would commit and at what terms, the Journal reported, citing the people. An initial public offering is not imminent, the Journal reported, adding that one person said a debut was not expected until next year at the earliest.