HelloFresh concludes Three-Year EUR 80 million revolving credit facility

RCF represents improvement in terms of size, tenure and interest margin compared to previous bank financing

Berlin, 19. December 2018 – HelloFresh, the leading global provider of meal kits, has entered into a three-year revolving credit facility (“RCF”) with a group of banks comprising BNP Paribas, Rabobank, Deutsche Bank and Silicon Valley Bank.

The RCF replaces an existing EUR 60 million undrawn facility maturing in June 2019 and is advantageous compared to the existing one in size, tenure and interest margin.

Given its strong balance sheet cash position, HelloFresh SE does not expect to draw the RCF in the coming months.

 

Press Contact

Eva Switala
Global Head of PR  
HelloFresh Group 
+49 (0) 160 98 082 688
es@hellofresh.com
www.hellofreshgroup.com

About HelloFresh

HelloFresh is the world’s leading meal kit company and operates in the U.S., the United Kingdom, Germany, the Netherlands, Belgium, Luxembourg, Australia, Austria, Switzerland, Canada and New Zealand. HelloFresh delivered 46.5 million meals to 1.84 million active customers worldwide in the three-month period between July 1, 2018 and September 30, 2018. HelloFresh was founded in Berlin in November 2011 and went public on the Frankfurt Stock Exchange in November 2017. HelloFresh has offices in New York, Berlin, London, Amsterdam, Zurich, Sydney, Toronto and Auckland.

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