Delivery Hero to buy back $1b in bonds

Delivery Hero SE, a German food delivery company, plans to repurchase approximately €1 billion (US$1 billion) in bonds.

This buyback will be funded by proceeds from the public listing of Talabat, its Middle Eastern subsidiary, which occurred in December 2024.

The company announced on Feb.13 that it aims to redeem convertible bonds due in 2025 and 2026, along with up to €350 million (US$363.16) for bonds maturing in 2027.

This decision supports Delivery Hero’s strategy to manage its US$3.8 billion debt more effectively.

Recent Delivery Hero developments

Timeline
10-Feb-2025 📈 Delivery Hero profitable for first time since 2023 Delivery Hero sees positive cash flow late 2023. Talabat IPO raised $2B to reduce debt by $3.8B.
27-Dec-2024 📉 Delivery Hero shares drop 9% after Taiwan blocks Uber deal Delivery Hero shares drop 9% after Taiwan blocks sale. Taiwan fears Uber’s Foodpanda acquisition harms market.
13-Dec-2024 📉 Delivery Hero’s food delivery shares drop on market debut Talabat shares fell 4.4% on trading debut. IPO raised over $2 billion, largest tech IPO 2024.
03-Dec-2024 📦 Delivery Hero’s food delivery app to employ 15k drivers in Spain Glovo shifts 15,000 drivers to employment model Change follows government pressure on app-based workers
28-Nov-2024 🍔 Delivery Hero’s food delivery IPO rises to $2b Delivery Hero raises Talabat IPO to $2 billion Plans to sell 20% stake; shares priced at 1.6 dirhams

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Recent Delivery Hero developments

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