Grubhub marketing $400 million eight-year notes through June 3 week; pricing Friday

By Paul A. Harris

Portland, Ore., June 3 – Grubhub Inc. started a roadshow on Monday for a $400 million offering of eight-year senior notes, according to market sources.

The Rule 144A for life offering is set to price on Friday.

J.P. Morgan Securities LLC, BofA Securities Inc., Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC are the joint bookrunners.

The notes come with three years of call protection.

The Chicago-based online and mobile food-ordering and delivery company plans to use the proceeds to repay approximately $340 million under its secured credit facility.

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