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Prosus Reveals Results of Multi-Million Dollar Debt Buyback

Prosus Reveals Results of Multi-Million Dollar Debt Buyback

Prosus N.V. has finalized its cash tender offers for two series of notes due in 2027, successfully repurchasing over $619 million in aggregate principal. The Amsterdam-based company confirmed the move as part of a broader strategy to retire outstanding debt obligations ahead of their scheduled maturity.

The company accepted $157.03 million of its 4.850% notes and $462.05 million of its 3.257% senior notes. Holders who participated in the tender will receive payment on July 16, 2026, alongside accrued interest. Once settled, the repurchased securities will be cancelled and removed from the company's balance sheet.

Following the tender, Prosus intends to exercise its optional redemption rights for any remaining 4.850% notes. These outstanding securities are slated for redemption on August 10, 2026, at a calculated make-whole price. The buyback process involved coordination with major financial institutions, including Goldman Sachs, BNP Paribas, and BofA Securities, to manage the transition of these debt instruments.

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