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News & Insights

Prosus N.V.’s $1.25 Billion Senior Notes Offering

February 04, 2020

Cravath represented Prosus N.V. in connection with its $1.25 billion 144A/Reg. S senior notes offering under its $6 billion global medium‑term note program. Prosus N.V. is a global consumer internet group and is a publicly listed subsidiary of Naspers Limited. Prosus N.V. was formerly known as Myriad International Holdings B.V. The transaction closed on January 21, 2020.

The Cravath team included partner David Mercado and associates Yannick Adler and Ariadne E. Lyon on securities matters, and partner Christopher K. Fargo and associate Andrew T. Davis on tax matters. Duncan H. Hardell also worked on tax matters.

Related Practices & Industries

  • Corporate
  • Capital Markets
  • Tax
  • Retail
  • Technology

People

Photo
Name
Christopher K. Fargo
Title
Tax
Title
Partner
Email
cfargo@cravath.com
Phone
+1-212-474-1236
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    Education

    • J.D., 2006, Columbia Law School
      Harlan Fiske Stone; Michael Lynne Scholar
    • B.A., 2003, Boston College
      Honors Program, cum laude

    Admitted In

    • New York
    Photo
    Name
    Andrew T. Davis
    Title
    Tax
    Title
    Partner
    Email
    adavis@cravath.com
    Phone
    +1-212-474-1272
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      Education

      • LL.M., 2020, New York University School of Law
      • J.D., 2014, Stanford Law School
      • A.B., 2010, Princeton University

      Admitted In

      • New York
      Photo
      Name
      David Mercado
      Title
      Corporate
      Title
      Retired Partner
      Email
      dmercado@cravath.com
      Phone
      +1-212-474-1756
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        Education

        • M.A., 2021, King's College London
        • J.D., 1984, Yale Law School
        • A.B., 1981, Columbia College

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        Cravath represented the initial purchasers in connection with the $500 million 144A/Reg. S high‑yield senior notes offering of Danaos Corporation, a global shipping company that operates one of the world's largest fleets of containerships. The transaction closed on October 17, 2025.

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        October 27, 2025

        Cleveland‑Cliffs Inc.’s High‑Yield Senior Guaranteed Notes Offering

        Cravath represented the initial purchaser in connection with the $275 million 144A/Reg. S high‑yield senior guaranteed notes offering of Cleveland‑Cliffs Inc., a leading North America‑based steel producer. The transaction closed on October 10, 2025.

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        Royal Caribbean Cruises Ltd.’s $1.5 Billion Registered Senior Notes Offering

        Cravath represented the underwriters in connection with the $1.5 billion registered senior notes offering of Royal Caribbean Cruises Ltd., a global cruise company. The transaction closed on October 1, 2025.

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        September 25, 2025

        Webster Financial Corporation’s Fixed Rate Reset Subordinated Notes Offering

        Cravath represented the underwriters in connection with the $350 million fixed rate reset subordinated notes offering of Webster Financial Corporation, a bank holding company of Webster Bank, a commercial bank with a national bank charter focused on providing financial products and services to businesses, individuals and families. The transaction closed on September 11, 2025.

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