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Delivery Hero concludes announced credit lines with a reduced interest margin | 4/9/22

Delivery Hero has secured the credit lines announced at the beginning of the week.

An $825 million line of credit and a €300 million line of credit have been successfully syndicated, according to a statement Friday night. The dollar loan bears interest at an interest rate of Term SOFR plus 5.75 percent, the euro loan at EURIBOR plus 5.75 percent.

Due to strong demand from lenders, the syndication has been accelerated and the interest margin has been reduced by 50 to 75 basis points compared to the original announcement, according to the DAX company. Delivery Hero intends to conclude a revolving syndicated loan of EUR 375 million at the same time as the signing of the credit lines. However, this will probably not be used.

BERLIN (Dow Jones)

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