Grubhub to repay $340 million of loans with proceeds of new notes

By Rebecca Melvin

New York, June 3 – Grubhub Inc. plans to repay about $340 million of borrowings under its existing credit facility, according to a company news release.

The borrowings will be repaid with proceeds of a $400 million offering of eight-year senior notes set to price on Friday.

The credit facility was obtained via Citibank, NA, BMO Capital Markets Corp and Bank of America Merrill Lynch as joint lead arrangers and joint bookrunners and is available until Feb. 5, 2024.

The online and mobile food ordering company is based in Chicago.

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