Milbank LLP has advised the lead arrangers on extending the maturity of Delivery Hero SE’s existing US$813 million and €300 million term loans, raising additional term loans with an aggregate amount of approximately €740 million equivalent, increasing its existing revolving credit facility to €500 million and amendments to the loan terms.
Delivery Hero is the world’s leading local delivery platform, operating its service in around 50 countries across Asia, Europe, Latin America, the Middle East and North Africa. The company started as a food delivery service in 2011 and today runs its own delivery platform on four continents.
The cross-border Milbank team was led by Leveraged Finance partners Sarbajeet Nag and Spencer Pepper, associates Bie Cookey, Ed McCartney, Simeon-Henri de Vries, Venandah Madanhi, Adam Glynn, Joseph Principato and trainee solicitor Irene Vazquez Scortti.
