Davis Polk advised the initial purchasers in connection with a Rule 144A/Regulation S offering by Prosus N.V. of $1.5 billion principal amount of 3.832% notes due 2051 under its $6 billion global medium-term note program.

Davis Polk also advised the initial purchasers on a Rule 144A/Regulation S offering by Prosus of €350 million principal amount of 1.539% notes due 2028 and €250 million principal amount of 2.031% notes due 2032 under its GMTN Program. The 2028 notes are a reopening of 1.539% notes due 2028 and the 2032 notes are a reopening of 3.125% notes due 2032 issued on August 3, 2020.

Based in Amsterdam, The Netherlands, Prosus 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 over 80 markets.

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

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