Food delivery giant Just Eat Takeaway has announced that it has raised €1.1B through an offering of convertible bonds. According to the company, it has placed €1.1B of convertible bonds, consisting of two tranches (“Tranche A” and “Tranche B”).
With an aggregate principal amount of €600M, Tranche A – upsized from €500M – is due August 2025. Whereas, Tranche B, with an aggregate principal amount of €500 M, is due February 2028.