Delivery Hero Successfully Completes Syndication of €1.4 Billion Equivalent Debt Financing

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DGAP-News: Delivery Hero SE / Keyword(s): Financing
08.04.2022 / 22:52
The issuer is solely responsible for the content of this announcement.

  • Successful award and pricing of the first Term Loan B funding

  • Continued diversification of capital structure through USD and EUR term loans and RCF

  • Creation of a substantial additional liquidity buffer and financial flexibility

Berlin, April 8, 2022 – Delivery Hero SE (“Delivery Hero” or the “Company”), the world’s leading local delivery platform, announces the successful syndication of the $825 million term facility (“Dollar Term Facility”) and the €300 million term facility (“Euro Term Facility” and, together with the Dollar Term Facility, the “Term Facilities”) which were launched earlier this week. The dollar term facility bears interest at SOFR forward plus 5.75% per annum and the euro term facility bears interest at EURIBOR plus 5.75% per annum. Thanks to the strong interest from lenders, the syndication was accelerated and the interest margin rate tightened by 50 to 75 basis points compared to the initial launch forecast. In conjunction with the signing of the term facilities, the Company expects to enter into a €375 million revolving credit facility (“RCF”), which is expected to remain unused at closing.

Niklas Östberg, CEO and co-founder of Delivery Hero, said: “We are delighted with the warm reception given to our first financing transaction on the debt markets in the United States. The U.S. lending market has a sophisticated understanding of high-growth technology companies, and the substantial interest in this transaction speaks to the fundamental strength of our With this transaction, we have established a strong and diversified capital structure that will allow us provides additional financial flexibility and ample cash reserves to deliver on our strategic priorities.

JP Morgan acted as Sole Physical Bookrunner on the Dollar Term Facility. JP Morgan, UniCredit, HSBC and Barclays acted as Joint Bookrunners. Rothschild & Co acted as financial advisor.

ABOUT DELIVERY HERO
Delivery Hero is the world’s leading local delivery platform, operating its service in approximately 50 countries across Asia, Europe, Latin America, the Middle East and North Africa. The company started as a food delivery service in 2011 and today operates its own delivery platform on four continents. Additionally, Delivery Hero is a pioneer of Quick Commerce, the next generation of e-commerce, aiming to bring groceries and household items to customers in less than an hour and often in 10-15 minutes. Based in Berlin, Germany, Delivery Hero has been listed on the Frankfurt Stock Exchange since 2017 and is part of the main DAX (Deutscher Aktienindex) index in 2020. For more information, please visit www.deliveryhero.com

MEDIA CONTACT
Lara Hesse
Corporate & Financial Communication
+49 151 54 66 00 56
[email protected]

INVESTOR RELATIONS CONTACT
Christopher Bast
Head of Investor Relations
+49 160 30 13 435
[email protected]

WARNING
This press release may contain forward-looking statements, estimates, opinions and projections regarding the expected future performance of Delivery Hero SE (“forward-looking statements”). These forward-looking statements can be identified by the use of forward-looking terminology, including the words “believes”, “estimates”, “anticipates”, “expects”, “intends”, “may”. , “will” or “should” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the opinions , current expectations and assumptions of Delivery Hero SE’s management and involve important known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied by such statements. Forward-looking statements should not be construed as guarantees of future performance or results and will not necessarily be precise indications of whether or not these goals will be achieved. results. All forward-looking statements included herein speak only as of the date of this release. We undertake no obligation and do not plan to publicly update or publicly revise the information, forward-looking statements or conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent after the date hereof, whether as a result of new information, future events or otherwise. We assume no responsibility for the materialization of these forward-looking statements and assumptions.

08.04.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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