DGAP-News | 08 Apr 2022
Delivery Hero SE
/ Key word(s): Financing
Berlin, 8 April 2022 - Delivery Hero SE ("Delivery Hero" or the "Company"), the world's leading local delivery platform, announces the successful completion of the syndication of the USD 825 million term facility ("Dollar Term Facility") and the EUR 300 million term facility ("Euro Term Facility" and, together with the Dollar Term Facility, the "Term Facilities") that were launched earlier this week. The Dollar Term Facility bears interest at a rate of Term SOFR plus 5.75% p.a. and the Euro Term Facility bears interest at a rate of EURIBOR plus 5.75% p.a. On the back of strong lender interest, the syndication was accelerated and the interest margin rate tightened by 50-75 basis points from the original launch guidance. Concurrently with the signing of the Term Facilities, the Company expects to enter into a EUR 375 million revolving credit facility ("RCF"), which is expected to remain undrawn at closing. Niklas Östberg, CEO and Co-Founder of Delivery Hero, said: "We are pleased with the strong reception of our debut financing transaction in the U.S. debt markets. The U.S. loan market has a sophisticated understanding of high-growth technology businesses, and the substantial interest in this transaction is a testimony of the fundamental strength of our business and our track record. With this transaction, we have established a strong and diversified capital structure that provides us with further financial flexibility and ample liquidity buffers to deliver on our strategic priorities." J.P. Morgan acted as Sole Physical Bookrunner on the Dollar Term Facility. J.P. Morgan, UniCredit, HSBC, and Barclays acted as Joint Bookrunners. Rothschild & Co acted as financial advisor. ABOUT DELIVERY HERO INVESTOR RELATIONS CONTACT DISCLAIMER
08.04.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Delivery Hero SE |
Oranienburger Straße 70 | |
10117 Berlin | |
Germany | |
Phone: | +49 (0)30 5444 59 105 |
Fax: | +49 (0)30 5444 59 024 |
E-mail: | [email protected] |
Internet: | www.deliveryhero.com |
ISIN: | DE000A2E4K43 |
WKN: | A2E4K4 |
Indices: | DAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, OTC QB, OTC QX, SIX, Vienna Stock Exchange |
EQS News ID: | 1324529 |
End of News | DGAP News Service |
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1324529 08.04.2022