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Delivery Hero SE may redeem convertible bonds in H1 2026 using proceeds from a USD 1.5bn increase of its term loans subject to certain conditions
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EQS-Ad-hoc: Delivery Hero SE / Key word(s): Capital measures / Bond redemption/Capital measures / Significant loan agreement Delivery Hero may redeem convertible bonds in H1 2026 using proceeds from a USD 1.5bn increase of its term loans subject to certain conditions |
Berlin, 5 March 2026 – Delivery Hero SE (“Delivery Hero” or the “Company”, ISIN: DE000A2E4K43, Frankfurt Stock Exchange: DHER), today announces the launch of a syndication in relation to a USD 1.5 billion incremental term facility with a final maturity date of 30 June 2032 (the “New Term Facility”).
Subject to the successful funding of the New Term Facility, the Company intends to use the net proceeds for the following purposes:
- To repay the convertible bonds due 30 April 2026 (ISIN: DE000A3MP429) with an outstanding principal amount of EUR 56 million in full at their scheduled maturity.
- Subject to market conditions and the approval of the convertible bond buyback by the management and supervisory boards, to fund a tender offer to repurchase for cash its convertible bonds due 23 January 2027 (ISIN: DE000A254Y92) with an outstanding principal amount of EUR 540 million.
The proceeds not used for convertible bond repayments or buybacks in H1 2026 will increase the Company’s financial flexibility and be used for general corporate purposes – which may include additional convertible bond buybacks in the future – as well as cash on balance sheet.
The Company continues to proactively manage its financial liabilities with a focus on its maturity profile and cost of debt.
Further announcements regarding the result of the syndication and potential tender offer to repurchase convertible bonds will be made when due.
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Investor Relations Enquiries
Christoph Bast
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