Prosus Raises More Than $2 Billion to Fund Potential M&A Activity
By Adria Calatayud
Prosus NV said Wednesday that it has raised more than $2 billion
in debt to fund potential future M&A activity, and to
strengthen its liquidity position.
The Amsterdam-listed internet investor, which was spun out of
Naspers Ltd. last year, said the debt issuances consisted of $1
billion in notes due 2050, its longest-dated U.S. dollar offering
to date, 500 million euros ($585.8 million) in notes due 2028 and a
further EUR500 million in notes due 2032.
Prosus said rhe offerings attracted strong investor demand and
that this financing will be ratings-neutral for the company.
Write to Adria Calatayud at email@example.com
(END) Dow Jones Newswires
July 29, 2020 03:31 ET (07:31 GMT)
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