Delivery Hero to use bank debt to buy convertibles due 2025, 2026

Chicago, March 5 – Delivery Hero SE announced that it will use new credit facilities to repurchase selected outstanding convertible notes, according to a notice.

At least €300 million from the new credit facilities will be used to repurchase convertibles due in 2025 and 2026.

The company said it plans to launch a tender offer relating to the €500 million outstanding bonds due 2025 (ISIN: DE000A3H2WP2) and the €750 million outstanding bonds due 2026 (ISIN: DE000A3MP429).

The company noted that it already completed in 2023 a €250 million buyback of the bonds due in 2025.

Any remaining amount will be used for general corporate purposes, which may include additional buybacks of outstanding convertible bonds.

Delivery Hero is a Berlin-based online food-delivery service.

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