Prosus N.V. $6 Billion Global Medium-Term Note Program Establishment and Debut $1.25 Billion Notes Offering

Davis Polk advised the arrangers in connection with the establishment of the $6 billion global medium term note program of Prosus N.V.

Davis Polk also the initial purchasers in connection with a debut Rule 144A/Regulation S offering by Prosus of $1.25 billion principal amount of 3.680% notes under the Program.

Based in Amsterdam, The Netherlands, Prosus N.V. is a global consumer internet group operating across a variety of platforms and geographies. Prosus is one of the largest technology investors in the world, with businesses and investments serving more than 1.5 billion people in 93 markets. Its consumer internet services span the core focus segments of Classifieds, Payments and Fintech as well as Food Delivery, plus other online businesses including Etail.

The Davis Polk corporate team included partner Reuven B. Young, counsel Radoslaw Michalak and associate Tanu Sinha. European counsel John Taylor provided English law advice. The U.S. tax team included counsel Alon Gurfinkel and associate Summer Xia. Partner Gregory S. Rowland, counsel Sarah E. Kim and associate Matthew R. Silver provided ‘40 Act advice. Counsel Charles Shi provided ERISA advice. Members of the Davis Polk team are based in the London and New York offices.