BRÈVE

sur Delivery Hero AG (isin : DE000A2E4K43)

Delivery Hero Announces Repurchase of Convertible Bonds Due in 2025 and 2026

Delivery Hero SE, a global leader in local delivery services, has officially announced its decision to repurchase parts of its outstanding convertible bonds due in 2025 and 2026. The company disclosed on 20 March 2024 that it would buy back EUR 409.2 million worth of convertible bonds maturing in 2025, leaving EUR 90.8 million outstanding. Similarly, it aims to repurchase EUR 100.0 million worth of convertible bonds due in 2026, resulting in EUR 650.0 million remaining outstanding. These buybacks are financed by the proceeds from recent new term facilities placements totaling approximately EUR 740.0 million, reported on 18 March 2024. The surplus funds will cater to general corporate purposes, potentially including future bond buybacks.

The repurchase prices for these bonds are set at EUR 94,750 per EUR 100,000 nominal amount for the 2025 bonds, and EUR 89,250 for those due in 2026. Delivery Hero also plans to cover the interest accrued on these bonds from the last payment date until the expected settlement date around 26 March 2024. The bonds bought back are to be canceled, with Barclays Bank Ireland PLC, HSBC Continental Europe S.A., Germany, and J.P. Morgan SE overseeing the transactions as Joint Dealer Managers.

R. P.

Copyright © 2024 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.

Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève

Voir toutes les actualités de Delivery Hero AG