Delivery Hero Raises $1.5 Billion in Convertible Bond Sale
The Delivery Hero AG headquarters in Berlin.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Delivery Hero SE raised 1.25 billion euros ($1.5 billion) from an offering of notes convertible into shares, marking the food-delivery company’s third equity-linked issuance in less than two years.
The company sold 750 million euros of notes maturing in 2026 and 500 million euros of 2029 securities, according to terms seen by Bloomberg. Proceeds will be used for general corporate purposes and to “take advantage of attractive investment opportunities that may arise,” the company said in a statement.