India, Feb. 13 -- Delivery Hero SE (DLVHF, DHER) on Thursday announced its intention to buy back its outstanding convertible bonds due in 2025, 2026 and 2027 for an aggregate principal amount of approximately 1.0 billion.
The buybacks would be financed from the proceeds from the Talabat IPO and would further optimize the company's capital structure.
The buybacks would be conducted by way of convertible bond tender offers, inviting current bondholders to submit offers to sell the Convertible Bonds. The company intends to invite the holders of the 2025 and 2026 bonds, to tender for purchase for cash any and all of the bonds. In respect of holders of the 2027 bonds, tender for purchase for cash would be up to 350 million euros principal amou...