15.05.2024 08:01:02 - dpa-AFX: EQS-News: Delivery Hero successfully completes the redenomination of its EUR term loan into South Korean won (english)

Delivery Hero successfully completes the redenomination of its EUR term loan
into South Korean won

EQS-News: Delivery Hero SE / Key word(s): Financing
Delivery Hero successfully completes the redenomination of its EUR term loan
into South Korean won

15.05.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Delivery Hero successfully completes the redenomination of its EUR term loan
into South Korean won

  * Delivery Hero further optimizes its capital structure by successfully
    redenominating its existing EUR 540 million term facility to South
    Korean won


  * The transaction aligns Delivery Hero's debt currency mix more closely
    with its cash flow profile


  * The amended facility will have a principal amount of KRW 794.0bn and
    quarterly interest payments based on a rate equivalent to the CD rate
    plus 5.00% p.a.


Berlin, 15 May 2024 - Delivery Hero SE ('Delivery Hero' or the 'Company'),
the world's leading local delivery platform, today announces the successful
redenomination of its existing EUR 540 million term facility to South Korean
won, effective 13 May 2024.

Following the successful syndication of a EUR 540 million term facility
announced on 18 March 2024, the Company reached an agreement with all
lenders in this facility to change the currency from euro to South Korean
won. The amended facility will have a principal amount of KRW 794.0 billion.
Interest payments will be made quarterly based on a rate equivalent to the
Certificate of Deposit ('CD') rate plus 5.00% p.a. All payments under the
facility will be made in US dollars, with reference to the exchange rate
between the US dollar and the South Korean won at the time of the payment.
The maturity of the term facility remains December 2029, in line with
existing term facilities.

Emmanuel Thomassin, CFO of Delivery Hero, said: 'We are proud to
successfully execute such an innovative financing transaction in the debt
capital markets. South Korea is our largest single market, but we had raised
limited debt in local currency until now. Redenominating part of our term
facilities to South Korean won allows us to align our debt currency mix more
closely to our cash flows. We are grateful for the continued partnership
with our lenders, in particular the teams at Apollo Global Management and
Farallon Capital Europe LLP with whom we collaborated on this transaction.'

Standard Chartered Bank and J.P. Morgan acted as lead arrangers for the
transaction.

About Delivery Hero
Delivery Hero is the world's leading local delivery platform, operating its
service in around 70 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.
Additionally, Delivery Hero is pioneering quick commerce, the next
generation of e-commerce, aiming to bring groceries and household goods to
customers in under one hour and often in 20 to 30 minutes. Headquartered in
Berlin, Germany, Delivery Hero has been listed on the Frankfurt Stock
Exchange since 2017 and is part of the MDAX stock market index. For more
information, please visit www.deliveryhero.com.

Media contact
Corporate & Financial Communications
press@deliveryhero.com

Investor Relations contact
Christoph Bast
Head of Investor Relations
ir@deliveryhero.com

Disclaimer
This release may contain forward looking statements, estimates, opinions and
projections with respect to anticipated future performance of Delivery Hero
SE ('forward-looking statements'). These forward-looking statements can be
identified by the use of forward-looking terminology, including the terms
'believes,' 'estimates,' 'anticipates,' 'expects,' 'intends,' 'may,' 'will'
or 'should' or, in each case, their negative, or other variations or
comparable terminology. These forward-looking statements include all matters
that are not historical facts. Forward-looking statements are based on the
current views, expectations and assumptions of the management of Delivery
Hero SE and involve significant known and unknown risks and uncertainties
that could cause actual results, performance or events to differ materially
from those expressed or implied in such statements. Forward-looking
statements should not be read as guarantees of future performance or results
and will not necessarily be accurate indications of whether or not such
results will be achieved. Any forward-looking statements included herein
only speak as at the date of this release. We undertake no obligation, and
do not expect to publicly update, or publicly revise, any of the
information, forward-looking statements or the conclusions contained herein
or to reflect new events or circumstances or to correct any inaccuracies
which may become apparent subsequent to the date hereof, whether as a result
of new information, future events or otherwise. We accept no liability
whatsoever in respect of the achievement of such forward-looking statements
and assumptions.


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15.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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   Language:       English
   Company:        Delivery Hero SE
                   Oranienburger Straße 70
                   10117 Berlin
                   Germany
   Phone:          +49 (0)30 5444 59 105
   Fax:            +49 (0)30 5444 59 024
   E-mail:         ir@deliveryhero.com
   Internet:       www.deliveryhero.com
   ISIN:           DE000A2E4K43
   WKN:            A2E4K4
   Indices:        MDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate
                   Exchange; London, OTC QB, OTC QX, SIX, Vienna Stock
                   Exchange
   EQS News ID:    1903061




End of News EQS News Service
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1903061 15.05.2024 CET/CEST
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
DELIVERY HERO SE NA O.N. A2E4K4 Frankfurt 29,530 28.05.24 08:02:31 -0,190 -0,64% 0,000 0,000 29,530 29,530

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