Listed media and Internet firm Naspers says that its wholly-owned subsidiary, Myriad International Holdings BV, is exploring the possibility of a bond offering.<\/p>\n
The dutch firm is meeting with investors on a roadshow.<\/p>\n
Proceeds from the offering, if completed, are expected to be used for general corporate purposes, including future acquisitions and the repayment of existing credit facilities, Naspers said in a statement on Tuesday (2 July).<\/p>\n
The Notes will be offered in a private placement only to qualified institutional buyers pursuant to Rule 144A and to non-US persons\u00a0outside the United States pursuant to Regulation S under the US Securities Act of 1933, as amended, subject to\u00a0prevailing market and other conditions, the group said.<\/p>\n
“There is no assurance that the offering will be completed or, if completed, as to the terms on\u00a0which it is completed,” Naspers stressed.<\/p>\n
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