Milbank Advising Arrangers on Delivery Hero’s c.€1.4 Billion Syndicated Financing

Milbank LLP is advising the arrangers on Delivery Hero’s syndication of a term loan and revolving credit financing transaction comprising of a $825 million term facility, a €300 million term facility and a €375 million revolving credit facility. The proceeds from the facilities will be used for general corporate purposes, including potential refinancing of convertible debt at maturity, working capital and guarantees.

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 Milbank team was led by Leveraged Finance and Capital Markets partners Sarbajeet Nag, Barbara Mayer-Trautmann and Spencer Pepper and associates Peetra Anderson-Figueroa, Bie Cookey, Henry Madell, Jennifer Seipelt, Silvia Lengauer and Suktika Banerjee.