Delivery Hero, a Berlin-based food delivery platform, raised €1.25B ($1.5B) through a sale of convertible bonds, marking the company’s third-equity linked issuance in less than two years.
According to Bloomberg, Delivery Hero sold €750M worth of bonds due in 2026 and an additional €500M set to mature in 2029. The proceeds will be used to take advantage of investment opportunities and general corporate purposes.