Just Eat Takeaway.com Raises €700M

Just Eat Takeaway

Just Eat Takeaway.com N.V. (LSE: JET, AMS: TKWY), an Amsterdam, The Netherlands-based online food delivery marketplace, raises €700m through an accelerated bookbuild offering of new shares and convertible bonds.

Have a look at the transactions here

In details, the company placed:

  • 4.6m new ordinary shares of the company representing approximately 3.2% of the issued share capital, raising gross proceeds of €400.2m through an accelerated bookbuild offering at an issue price of €87.00 (GBp 7,620) per new share, as well as
  • a concurrent offering of convertible bonds in the aggregate principal amount of €300m due April 2026.

The net proceeds will be used to partially pay down revolving credit facilities currently utilized by both Just Eat and Takeaway.com, for general corporate purposes as well as to provide the company with financial flexibility to act on strategic opportunities which may arise.

Just Eat Takeaway.com is a global online food delivery marketplace operating outside China. the company is focused on connecting consumers and restaurants through its platforms. With over 155,000 connected restaurants, the company offers consumers a wide variety of food choice, mainly collaborating with delivery restaurants.

In addition, Just Eat Takeaway.com provides its proprietary restaurant delivery services for restaurants that do not deliver themselves.

The company have operations in the UK, the Netherlands, Germany, Denmark, France, Ireland, Italy, Norway, Spain, Belgium, Poland, Austria, Israel, Switzerland, Luxembourg, Portugal, Bulgaria, Romania, Australia & New Zealand, Canada, Mexico and Brazil.



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