Prosus N : 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 [e-mail]