Prosus N.V. Announces Pricing for Its Tender Offer for Outstanding Notes
Prosus N.V. Tender Offer Pricing Announcement
On July 14, 2026, Prosus N.V., a limited liability public entity governed by Dutch law and based in Amsterdam, confirmed details for its previously announced cash tender offer, referred to as the "Any and All Tender Offer." This action aims to repurchase its outstanding 4.850% Notes due in 2027 (the "Any and All Notes").
The offer is subject to specific terms delineated in the Offer to Purchase dated July 6, 2026. The Total Consideration for the Any and All Notes, as calculated at 11:00 AM EDT on the announcement date, is crucial for investors considering participation. The details related to the security, including its identifiers and principal amounts, are summarized in the accompanying table:
| Title of Security | CUSIP/ISIN | Outstanding Principal Amount | Maturity Date | U.S. Treasury Reference Security | Bloomberg Reference Page | Fixed Spread | Total Consideration |
|---|---|---|---|---|---|---|---|
| -------- | ------- | ------ | ---- | ------- | ------ | -- | ------- |
| 4.850% Notes due 2027 | 62856R AD7 / US62856RAD70N5946F AD9/ USN5946FAD98 | $614,146,000 | July 6, 2027 | 4.375% U.S. Treasury due July 15, 2027 | PX4 | 50 bps | $1,002.31 |
The announcement clarifies that in addition to the Total Consideration, all holders whose notes are accepted for purchase will receive accrued interest from the last payment date up until, but not including, the Settlement Date expected on July 16, 2026, unless the company decides to extend the offer.
With the tender offer set to expire at 5:00 PM EDT on the same day as this announcement, investors should act promptly, as the notes tendered can only be withdrawn until this deadline. Post-deadline withdrawals will only be possible under certain legal conditions.
Prosus N.V.'s acceptance of validly tendered notes is contingent upon meeting or waiving the conditions outlined in the Offer to Purchase. Notes not acquired through this offer will remain in circulation, however, the company has signaled its intent to use its optional redemption rights for any outstanding notes following the settlement of this offer. Holders who choose not to participate will see their notes redeemed on August 10, 2026, at the applicable make-whole price, which could be more or less favorable compared to the Total Consideration.
Detailed information remains imperative for stakeholders; as the Offer to Purchase outlines all relevant terms and conditions. Interested parties can access further details through the designatedInformation and Tender Agent website, or they may directly reach out to their brokers or the designated dealer managers for guidance regarding the tender offer.
Overall, this strategic move by Prosus N.V. reflects their ongoing commitment to managing their outstanding debts efficiently while providing opportunities for existing note holders to liquidate their investments before a potential redemption occurs. Investors are encouraged to seek professional advice if they are unsure about the implications of their decisions in relation to this tender offer.
Topics Financial Services & Investing）
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