DoorDash, Inc. (DASH): debt financing — DoorDash to acquire Deliveroo for 180p/share (~£2.9B) in cash, expected Q4 2025

DoorDash, Inc.

Deliveroo shareholders receive 180p per share, a 44% premium over 125p on 4 April 2025.
Total equity value ~£2.9B; enterprise value ~£2.4B; consideration financed partly by $2.85B bridge loan.
Combined entity will operate in 40+ countries, serve ~50M MAUs, and had ~$90B GOV in 2024.
Irrevocable undertakings secured from ~15.4% of Deliveroo shares; transaction requires court sanction and regulatory approvals.
DoorDash secures a $2.85B bridge credit facility with JPMorgan to partially fund the cash consideration.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DoorDash, Inc. incurred credit facility of up to $2.85 billion with JPMorgan Chase Bank, N.A., as administrative agent at (i) the base rate plus a spread of either 0.625% or 0.750% or (ii) an adjusted t maturing 364 days after the closing date of the Transaction.

Instrument: credit facility
Principal: up to $2.85 billion
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Rate: (i) the base rate plus a spread of either 0.625% or 0.750% or (ii) an adjusted t
Maturity: 364 days after the closing date of the Transaction
Event: incurrence

Exact text from the filing

Pursuant to the Bridge Credit Agreement, the lenders agreed to provide the Company certain borrowings in an aggregate amount of up to $2.85 billion on the terms and conditions set forth in the Bridge Credit Agreement in order to, among other things, partially finance the cash consideration payable by the Company in connection with the Transaction.

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DoorDash, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-25-017438

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