Delivery Hero : New funding to allay concerns, but margin focus could hurt growth
>New € 1.4bn funding announced - This week, Delivery Hero announced the launch of a € 1.4bn debt financing. This includes the syndication of a term loan transaction comprising of a $ 825m term facility and a € 300m term facility. Both will have a maturity of 5.25 years. Concurrently with the signing of the term loans, Delivery Hero expects to enter into a revolving credit facility (“RCF”) in the amount of € 375m with a consortium of banks. The RCF will have an initial...Delivery Hero SE is a Germany-based company, which is primarily engaged in the food industry. The Company operates as a provider of online food delivery services from restaurants and cafes. The Company offers pizza, burger, organic food, vegan cuisine, and Asian dishes, among others. Its portfolio of brands comprises Foodpanda, Lieferheld, Foodora, PedidosYa, Clickdelivery, Talabat, Yemeksepeti, Donesi, Pauza, Hungerstation, Hellofood, Otlob and others. The Company operates globally, on the territory of more than 40 countries, comprising Europe, the Middle East, North Africa, Asia, and the Americas. The Company's services are available through Web version and mobile application.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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